Question
What will the balance of the Retained Earnings account be after the closing entries are posted? Accounts Cash Accounts Receivable Office Supplies Equipment Accumulated
What will the balance of the Retained Earnings account be after the closing entries are posted? Accounts Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies Expense Depreciation Expense- Equipment Total Debit $1,900 8,700 200 19,000 $2,000 25,000 2,200 2,000 $61,000 Credit $3,000 1,500 700 400 3,300 52,100 $61,000
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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