Rockwell RV Center, Inc.s accounting records include the following accounts at December 31, 2012: Requirement 1. Journalize

Question:

Rockwell RV Center, Inc.€™s accounting records include the following accounts at December 31, 2012:

Cost of goods sold Accounts payable Rent expense Building Retained earnings Inventory Common stock $385,000 Accumulated

Requirement
1. Journalize the required closing entries for Rockwell RV Center for December 31,2012.

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Financial and Managerial Accounting

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Authors: Horngren, Harrison, Oliver

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Question Posted: Dec 16, 2011 07:24 AM

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Rockwell RV Center, Inc.s accounting records include the following accounts at December 31, 2012: Requirement 1. Journalize

Question:

Cost of goods sold Accounts payable Rent expense Building Retained earnings Inventory Common stock $385,000 Accumulated depreciation $ 39,000 17,000 Cash 21,000 Sales revenue 108,000 Depreciation expense 64,800 261,000 Sales discounts 144,000 696,000 12,000 61,000 9,000 Dividends

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Req 1 Journal DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT CLOS...View the full answer

Financial and Managerial Accounting

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