Exam $2$ Online $MH6$ & $7Spr($i$)$

Help Save & Exit Submit

$01$:$10$:$00$

$01$:$10$:$00$

On December $31,2022,$ Ditka Incorporated had Retained Earnings of $$269,800$ before its closing entries were prepared and posted. During $2022,$ the company had service revenue of $$170,100$ and interest revenue of $$82,300.$ The company used supplies in the amount of $$88,900,$ advertising expenses were $$16,600,$ salaries and wages totaled $$18,600,$ and income tax expense was calculated as $$14,100.$ During the year, the company declared and paid dividends of $$6,200.$

Required:

a$.$ Prepare the closing entries dated December $31,2022.$

b$.$ Enter the beginning balance into the following T$-$account for Retained Earnings and post the closing entries.

Complete this question by entering your answers in the tabs below.

Required $A,$ Required $B$

Prepare the closing entries dated December $31,2022.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

Record the entry for closing the revenue and expense accounts.

$57F$

Sunny

Search

ASUS VivoBook