Answered step by step
Verified Expert Solution
Question
1 Approved Answer
D Question 6 Which answer below includes some of the journal entries required to close the books? Retained earnings Dividends $22,000 6,000 Fees earned
D Question 6 Which answer below includes some of the journal entries required to close the books? Retained earnings Dividends $22,000 6,000 Fees earned revenue 90,000 Selling expenses 45,000 Administrative expenses 16,000 Miscellaneous expense 2,300 2 pts O Selling expense DR 45,000, Administrative expense DR 16,000, Miscellaneous expense DR 2,300; Income Summary CR 63,300 Income Summary DR 26,700; Retained Earnings CR 26,700 O Fees Earned Revenue DR 9,000; Income Summary CR 9,000 O Miscellaneous Expense DR 2,300; Income Summary CR 2,300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started