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Just need some help on this and the parts that follow please I will rate! Many thanks and God bless! (Side note 35,000 is incorrect
Just need some help on this and the parts that follow please
I will rate!
Many thanks and God bless!
(Side note 35,000 is incorrect for the income summary. It said that was wrong when I put it in)
W E4-22 (similar to) Question Help Selected accounts for Kenmore Photography December 31, 2018, follow: (Click the icon to view the selected accounts.) Requirements 1. Journalize Kenmore Photography's closing entries at December 31, 2018. 2. Determine Kenmore Photography's ending Retained Earnings balance at December 31, 2018. Requirement 1. Journalize Kenmore Photography's closing entries at December 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit - X 35,000 Data Table Dec. 31 Clos (1) Service Revenue Income Summary 35,000 Retained Earnings 55,000 To close revenues. Close expenses for the period. Dividends Service Revenue Date Accounts and Explanation Debit Credit 20,000 32,000 3,000 Dec. 31 Clos. (2) 34.900 2.900 Salaries Expense Income Summary Salaries Expense Supplies Expense Depreciation Expense-Furniture Depreciation ExpenseBuilding To close expenses. 1,300 Supplies Expense 2.900 33.900 6.700 1,000 Depreciation ExpenseBuilding 6,700 Depreciation Expense-Furniture 1,300 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 pants Clear All Check Answer remainingStep by Step Solution
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