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Adjusting Entries General Journal Date Description Debit Credit Adjusting Entries: Required: Prepare the necessary closing entries and post to the accounts below: Common Stock Dividends

Adjusting Entries

General Journal

Date Description Debit Credit

Adjusting Entries:

Required: Prepare the necessary closing entries and post to the accounts below:

Common Stock Dividends

40, 000 1 / 1 2 / 1 2, 000

4 / 1 5, 000

8 / 1 1, 000

Retained Earnings

16, 000 1 / 1

General Journal

Date Description Debit Credit

Closing Entries:

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