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Fill the blank spots on the t account with what the closing entries would be and end balances The income statement for Regina Cleaning Services
Fill the blank spots on the t account with what the closing entries would be and end balances
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $122,300; Salaries Expense $75,100; Repairs and Maintenance Expense $15,500; Supplies Expense $6,300; Utilities Expense $2,900; and Income Tax Expense $6,500. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Service Revenue Nov 30 Bal 122,300 Salaries Expense 75,100 Nov 30 Bali Supplies Expense 6,300 Nov 30 B Utilities Expense 2,900 Nov 30 Bal Repairs and Maintenance Expense Nov 30 Bal 15,500 Income Tax Expense 6,500 Nov 30 Bal Dividends Declared 11,000 Nov 30 Bal Income Summary Retained Earnings |Nov 50.100 Nov 30 Bal. Nov 30 CE1 Nov 30 CE4 Nov 30 CE2 Nov 30 CE3Step by Step Solution
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