The accountant for Oceanside Photography has posted adjusting entries (a)-(e) to the following selected accounts at December 31, 2010.

Requirements 

1. Journalize Oceanside Photography's closing entries at December 31, 2010. 

2. Determine Oceanside Photography's ending Retained earnings balance at December 31, 2010.

Transcribed Image Text:

(a) Accounts receivable 41,000 2,900 Accumulated depr.-furniture (c) 5,000 900 Salary payable (e) 600 Dividends 59,000 Salary expense 25,500 (e) 600 Depreciation expense-furniture. (c) 900 Supplies 4,000 (b) 2,500 Accumulated depr.-building (d) Retained earnings 33,000 5,500 46,000 Service revenue 108,000 (a) 2,900 Supplies expense (b) 2,500 Depreciation expense-building (d) 5,500