Seminoles Corporation's fiscal year-end is December 31, 2012. The following is a partial adjusted trial balance as

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Seminoles Corporation's fiscal year-end is December 31, 2012. The following is a partial adjusted trial balance as of December 31.
Accounts .....................................Debit ........................Credit
Retained Earnings ..........................................................$20,000
Dividends ....................................$ 2,000
Service Revenue .............................................................40,000
Interest Revenue ...............................................................5,000
Salaries Expense ............................14,000
Rent Expense .................................5,000
Advertising Expense .........................2,000
Depreciation Expense .....................10,000
Interest Expense .............................4,000
Required:
Prepare the necessary closing entries?
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Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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