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Cecord the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any jou Data Table Cost of services sold

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Cecord the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any jou Data Table Cost of services sold $ . 32,100 4,500 14,100 Service revenue....... 41,500 Depreciation expense Other revenue. 6,500 Dividends declared Accumulated depreciation Selling, general, and administrative expenses Retained earnings, 200 1,000 Income tax expensee 800 December 31, 2017 2,600 Income tax payable 400 Print Done Fields and then continue to the next question, Consider the following selected accounts from the records of Perez Enterprises at December 31, 2018 (Click the loon to view the selected accounts and balances.) Read the requirement Begin by preparing the closing entries for Perez Enterprises. Record the entry to close out the revenue accounts (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Date Accounts Debit Credit (1) Dec 31 Next, close out the expense accounts Journal Entry Accounts Date Credit Debit (2) Dec 31 Now close out the dividend account. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Consider the following selected accounts from the records of Perez Enterprinos at December 31, 2018 (Click the icon to view the selected accounts and balances.) Read the requirement Now close out the dividend account. Journal Entry Accounts Date Debit Credit (3) Dec 31 How much net income did Perez Enterprises earn during 2018? Net income for 2018 was $ Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings. Post the beginning balance and closing entries Retained Earni Retained Earnings Choose from any list or enter any number in the input fields and then continue to the next

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