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After adjustment, these selected account balances of Cold Stream Campground are as follows: Exercise 4-11 Show how closing entries would be posted to T-accounts (L.O.
After adjustment, these selected account balances of Cold Stream Campground are as follows: Exercise 4-11 Show how closing entries would be posted to T-accounts (L.O. 4) Debits Credits $540,000 960,000 Retained Earnings Rental Revenue Salaries Expense Depreciated Expense-Buildings Utilities Expense Dividends $336,000 64,000 208,000 32,000 In T-account format, show how journal entries to close the books for the period would be posted. (You do not need to show the closing journal entries.) Enter these balances in the accounts before doing so. Key the postings from the first closing entry with the number (1), the second with the number (2), and so on
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