Use the following excerpts from the year end Adjusted Trial Balance to prepare the four journal entries required to close the books Dividends Sales Revenue Adjusted Trial Balance Debit $24,000 Automobile Expense Insurance Expense Salaries Expense Supplies Expense 15,500 30,000 96,000 6,500 Credit $...

Closing Sales Revenue to Retained Earnings Debit Retained Earnings for 194000 Credit Sa ...

Use the following excerpts from the year-end Adjusted Trial Balance to prepare the four journal entries required

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Use the following excerpts from the year-end Adjusted Trial Balance to prepare the four journal entries required to close the books:

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

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Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 02:08 AM

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Use the following excerpts from the year-end Adjusted Trial Balance to prepare the four journal entries required

Question:

Dividends Sales Revenue Adjusted Trial Balance Debit $24,000 Automobile Expense Insurance Expense Salaries Expense Supplies Expense 15,500 30,000 96,000 6,500 Credit $194,000

Step by Step Answer:

Closing Sales Revenue to Retained Earnings Debit Retained Earnings for 194000 Credit Sa...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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