BE4-4 The ledger of Swann Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue

Question:

BE4-4 The ledger of Swann Company contains the following balances: Retained Earnings

$30,000; Dividends $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

Question Posted: