Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

balance in retainer earnings at December 31? help pls!! i can do everything but that Closing Entries The adjusted trial balance prepared as of December

image text in transcribed
image text in transcribedbalance in retainer earnings at December 31? help pls!! i can do everything but that
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company. Consultant, contains the following revenue and expense accounts: Debit Credit Service Fees Eamed 1100 21.600 46.500 Supplies pense Depreciation Expense 11,000 Retained Earnings 67.100 Dividends 9800 Prepare journal entries to dose the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account Date Description Dec 31 Service Fees and Debit 11.100 1100 Todose the event. Dec 31 Reindring dans 21 Saries Experne 6450 Depreciation Expense. Todose the expenses De Bened Eames Dividers To cose dividendscount 9.000 2.300 Balance in Retained Carrings at December 315 30.500 M

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

Towards A Strategic Human Resource Management Roles Of HR Audit And Org Culture

Authors: Adel Al Samman

1st Edition

3330653051, 978-3330653054

More Books

Students also viewed these Accounting questions

Question

Describe a persuasive message.

Answered: 1 week ago

Question

Identify and use the five steps for conducting research.

Answered: 1 week ago

Question

List the goals of a persuasive message.

Answered: 1 week ago