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Not complete Marked out of 20.00 P. Flat question Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company,
Not complete Marked out of 20.00 P. Flat question Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit Service fees earned 180.500 Rent expense $20.800 Salaries expense 52,000 Supplies e pente 5,600 Depreciation expense 11.300 Retained earnings 72.000 Dividends 10.000 Create the journal entry to close expense accounts to retained earnings. (Eriter expense accounts in order of magnitude largest to stallet.) Account Debit Credit G o o o o o e 0 D Create the journal entry to close revenue to retained earnings. Account Debit Credit 0 0 0 0 Create the journal entry to close dividends to retained earnings Account Debit Credit 0 0 0 0 What is the ending balance in retained earnings after posting the closing entries? $ 0
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