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On December 31, 2016, Ditka Inc. had Retained Earnings of $277,800 before its closing entries were prepared and posted. During 2016, the company had service

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On December 31, 2016, Ditka Inc. had Retained Earnings of $277,800 before its closing entries were prepared and posted. During 2016, the company had service revenue of $178,100 and interest revenue of $86,300. The company recorded supplies expense in the amount of $92,900, advertising expenses were $17.400, salarles and wages expense totaled $19,800, and income tax expense was calculated as $15,700. During the year, the company declared and paid dividends of $7,000 Required a. Prepare the closing entries dated December 31, 2016. (If no entry is required for a transactionlevent select No Journ Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debits before credits nsaction General Journal DebitCredit O Type here to search FS F9 F10 F1 F12 Prtk F6 F7 F8 0

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