Fick Piychological Services, inc, closes ias temporary sceounts once ench year on Dece biber 31. The compeny recenty istued ene following income atotement as part of its annual report. Fick's statement of retained earnings indieates that o 57.000 cash dividend wos declored and peid during the eurrent year. a. Prepare the necessary closing entries on December 31 of the current year b. If Fick's Retained earnings account had a 392,000 bolance on at the beginning of the current year, at what ampunt should Reteined Earnings be reported in the firm's year-end balence sheet doted December 3t? Complete this question by entering your answers in the tabs below. Propars the necessary cosing reouled" in the fint account field.) Journal entry worksheet Aecord the entry to close the rivenue account. Notes treir debto bedous arahis. Ficks statentent of retained eacnings indicates that a 57,000 csah dividend was decitred and paid dunng the current yeot a. Prepare the necessary closing enties on Decerrber 3 of the current yes: b. If Fick's Retained eamings occount had a $92.000 bolance on at the beginning of the curtent yeoc, at what amount should Retained Earnings be reported in the firm's year-end belsnce sheet dated December 31? Prepore the necesary closing pntries on December at of the Current yoar, ftr no entry is requlred for a bransactiondevent, select 'No Goumat entry required in the firt accoust fieldi) Journal entry worksheet Mecoed the entry to close expense acoounts Fick Pgychologicol Servicesi inc. closes its temporary atcounts once each year on December 31. The compeny recenty issued the following income statement os part of its ennual repont Fick's stetement of retained eamings incicates that a 57000cash dividend was declared and peid during the current yea. a. Prepare the nesessary closing entries on Decembet 31 of the current yeot. b. If Ficks Retained earning occoum hed a $92000 belonce on at the beginning of the current yeor, at what amount ahould Retained Earmings be reported in the firm's yeor-end bolance sheet doted December ? Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries on Decenter 31 of the cucredt yeat. (It no entry is requared foc a tramanctiongevnit, sheat "io foumar entry reguired in the first sccount field.) Journal entry worksheet Fick Psychological Services, Inc., closes its temporary accounts once eoch year on December 31. The compony recentiy issued the following income statement as part of its annual report Fick's stotement of retained earnings indicetes that $7,000 cesh dividend was declared and paid during the current yeat: a. Prepere the necessary closing entries on December 31 of the current yeat. b. If Fick's Retained earnings account had a $92,000 belance on at the beginning of the current year, at what amount should Retained Earnings be reported in the firm's year-end bolence sheet doted December ? Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries on December 31 of the cument year. (ir no entry is recelred for a trassection/event, seiect "No: foumal atritry mouired" in the first account fied]) Journal entry worksheet Fick Psychological Services, Inc., closes its temporary accounts once each year on December 31 . The company recently issued the following income statement as part of its annual report. Fick's statement of retained earnings indicates that a $7,000 cash dividend was declared and paid during the current year. a. Prepare the necessary closing entries on December 31 of the current year. b. If Fick's Retained earnings account had a $92,000 balance on at the beginning of the current year, at what amount should Retaine Earnings be reported in the firm's year-end balance sheet dated December 31 ? Complete this question by entering your answers in the tabs below. If Fick's Retained earnings account had a $92,000 balance on at the beginning of the current year, at what amount should Retained Earnings be reported in the firm's year-end balance sheet dated December 31
