Following are Nintendo’s revenue and expense accounts for a recent March 31 fiscal year-end

Exercise 3-8 Preparing closing entries LO P4

Following are Nintendo’s revenue and expense accounts for a recent March 31 fiscal year-end (yen in millions). (Enter answers in millions.)

 
                 
Net sales     ¥     1,898,622    
Cost of sales           1,734,981    
Advertising expense           117,408    
Other expense, net           397,644    

 
Prepare the company's closing entries for its revenues and its expenses.