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(Ch 4-6,6th Ed) E Saved Help On December 31, 2016, Ditka Inc. had Retained Earnings of $280,800 before its closing entries were prepared and posted.
(Ch 4-6,6th Ed) E Saved Help On December 31, 2016, Ditka Inc. had Retained Earnings of $280,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $181,100 and interest revenue of $87,800. The company used supplies in the amount of $94,400, advertising expenses were $17,700, salaries and wages totaled $20,250, and income tax expense was calculated as $16,300. During the year, the company declared and paid dividends of $7,300. 126 Required: Prepare the closing entries dated December 31, 2016. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for closing revenue and expense account Note: Enter debits before credits. General Journal Debit Credit Prex 32 of 36l Next > 6...pptx Phillps PLL.6...ptx F3 F4 F5 F7 98 4
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