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balance in retain earnings after closing?? Question 8 Partly correct Mar 6.00 17.00 Flag question Closing Entries in the midst of closing procedures, Echo Corporation's

image text in transcribed balance in retain earnings after closing??
Question 8 Partly correct Mar 6.00 17.00 Flag question Closing Entries in the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volunteered to complete the closing of the books, and you find that all revenue and expense accounts have zero balances. The Dividends account has a debit balance of 518,000. The Retained Earnings accounts has a beginning credit balance of $118,000 Expenses totaled 5309,500 and revenues totaled $348.400 Prepare journal entries to complete the closing procedures as of year-end directly to Retained Earnings After these entries are posted, what is the balance in the Retained Earnings account? Support Credit General Journal Date Description Dec 31 Retained ning Dianchi Todose the winds account De 18.000 18.000 Balance in Retained Earnings after closing $ 145.900

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