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Just need some help on this and the parts that follow please! I will rate! Many thanks and God bless! S5-9 (similar to) Question Help
Just need some help on this and the parts that follow please!
I will rate!
Many thanks and God bless!
S5-9 (similar to) Question Help O Rockwell RV Center's accounting records include the following accounts at December 31, 2018 E: (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for Rockwell. 2. Determine the ending balance in the Retained Earnings account. Requirement 1. Journalize the required closing entries for Rockwell. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step Date Accounts and Explanation Debit Credit Dec. 31 - X Data Table Cost of Goods Sold $ 40,000 $ 367,000 14,000 Accumulated Depreciation-Building Cash 45,000 Sales Revenue 695,000 24,000 116,000 9,000 Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Notes Receivable 132,000 Depreciation Expense-Building Dividends Interest Revenue 57,000 16,000 28,600 269.600 38.000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All CheckStep by Step Solution
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