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Brief Exercise 4-4 The ledger of Bramble Company Expense $7,000. contains the following balances: Retained Earnings $ 32,000; Dividends $1,000; Service Revenue $48,000; Salaries and
Brief Exercise 4-4 The ledger of Bramble Company Expense $7,000. contains the following balances: Retained Earnings $ 32,000; Dividends $1,000; Service Revenue $48,000; Salaries and Wages Expense $26,000; and Supplies 32,000; Dividends $1,000; Service Re and Wages Exp$26,000; and Supplies Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To dose revenue account) Dec. 31 (To dose expense accounts) Dec. 31 (To dose net income/ (loss) Dec. 31 (To dose dividends)
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