Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(b) Your answer is partially correct. Try again. Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in

image text in transcribed
image text in transcribed
(b) Your answer is partially correct. Try again. Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Dec. 31 M Dec. 31 Bal SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 1 of 2 used Exercise 4-21 (Part Level Submission) Prepare doing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "We Entry for the account titles and enter o for the amounts) Date Account and Explanation Debe Credit Dec 31 Service Revenue 154,390 Rent Revenue 5.210 159,500 Income Summary [Todose revenge account) Dec. 31 Income Summary 91,810 3,030 Rent Expense 1.100 11.050 Depreciation En 75,520 Salaries and Wages Expense Dec. 31 Income Summer 67,790 Retained ning 22.090 Dec 31 tined taming 22,010 Dividends (b) Your answer is partially correct. Try again. Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Dec. 31 M Dec. 31 Bal SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 1 of 2 used Exercise 4-21 (Part Level Submission) Prepare doing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "We Entry for the account titles and enter o for the amounts) Date Account and Explanation Debe Credit Dec 31 Service Revenue 154,390 Rent Revenue 5.210 159,500 Income Summary [Todose revenge account) Dec. 31 Income Summary 91,810 3,030 Rent Expense 1.100 11.050 Depreciation En 75,520 Salaries and Wages Expense Dec. 31 Income Summer 67,790 Retained ning 22.090 Dec 31 tined taming 22,010 Dividends

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Media Audit And Stats Audit And Statistics For Social Media Platforms

Authors: Virtual Desk Tools

1st Edition

B09JDX8Z9M, 979-8492994938

More Books

Students also viewed these Accounting questions

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago