82

Selected accounts for Kellerman Photography December 31, 2018, follow: (Click the icon to view the selected accounts.) Requirements 1. Journalize Kellerman Photography's closing entries at December 31, 2018 2. Determine Kellerman Photography's ending Retained Earnings balance at December 31, 2018. Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (2) Close Income Summary Date Accounts and Explanation Debit Credit Dec. 31 Clos. (3) Close Dividends. Data Table Retained Earnings 45,000 Service Revenue Dividends 23,000 34,000 3,000 Salaries Expense 28,600 Supplies Expense 3,200 1,500 Depreciation Expense-Building 6,600 Depreciation Expense-Furniture 2,000