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answer 34-39 please 35.5 Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account

answer 34-39 please image text in transcribed
35.5 Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earning $446,200 Service revenue 669,800 Salaries expense 334,500 Rent expense 22.000 Interest expense 8,500 Dividends 150,000 Prepare the closing entries to Income Summary and retained Earnings, 34.5 In preparing the CLOSING ENTRIES for the temporary accounts, how much should retained Earnings be credited? In preparing the CLOSING ENTRIES for the temporary accounts, how much should retained Earnings be debited total amount of the debits? 36.5 After closing the accounts, what is the ending balance in Retained Earning Use the following for questions 37-39 The company has provided their accounts in alphabetical order. Use these accounts to answer the following questions Accounts payable $35,000 Accounts Receivable 105,000 Accumulated depreciation 400,000 Cash 75,000 Common stock 500.000 Depreciation expense 50.000 Didends 150.000 Equipment 1.500.000 Deferred revenue 35.000 Notes payable 400.000 Rente pense 20,000 Ratindering 32.200 Salam sense 550.000 Service revenge 350.000 Supps 1200 95100D 3.5 Totalt Book the Netcome

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