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Current Attempt in Progress The ledger of Bridgeport Companv contains the following balances: Retained Earnings $28,500, Dividends $3,000, Service Revenue $48,500, Salaries and Wages Expense
Current Attempt in Progress The ledger of Bridgeport Companv contains the following balances: Retained Earnings $28,500, Dividends $3,000, Service Revenue $48,500, Salaries and Wages Expense $25,500, and Supplies Expense $7,000. The closing entries are as follows: {1] Close revenue accounts. {2] Close expense accounts. {3] Close net income/{loss}. {4] Close dividends. Enter the balances in Taccounts. and post the closing entries. Salaries and Wages Expense A v Supplies Expense 4|! 4|- 4|- Service Revenue 4|- 4|- Dividends 4|- 4|- Income Summary ; A v v A A v v Retained Earnings A A v v A A v 7 4|- 4|
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