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Journal Post. Date Description Ref. Debit Credit Retained Dec. 31 Earnings 457,600 Fees Earned 165,600 Rent Revenue 92,000 Interest Revenue 17,200 Salaries 71,000 Expense Selling

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Journal Post. Date Description Ref. Debit Credit Retained Dec. 31 Earnings 457,600 Fees Earned 165,600 Rent Revenue 92,000 Interest Revenue 17,200 Salaries 71,000 Expense Selling 31,600 Expense Income Taxes 15,000 Expense Depreciation 47,200 Expense Insurance 17,000 Expense Miscellaneous 1,000 Expense Retained Dec. 31 5,000 Earnings Dividends 5,000

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