On December 31, 2018, Ditka Inc. had Retained Earnings of $272,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $173,100 and interest revenue of $83,800. The company used supplies in the amount of $90,400, advertising expenses were $16,900, salaries and wages totaled $19,050, and income tax expense was calculated as $14,700. During the year, the company declared and paid dividends of $6,500. Required: 8 02:04 a. Prepare the closing entries dated December 31, 2018 b. Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entries, and then determine the ending balance. Complete this question by entering your answers in the tabs below. Required A Required Prepare the closing entries dated December 31, 2018. (If no entry is required for a transaction/event, select 'No Journal Entry Required in the first account field.) View transaction et Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debts before credits Transaction General Journal Debit Credit On December 31, 2018, Ditka Inc. had Retained Earnings of $272,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $173,100 and interest revenue of $83,800. The company used supplies in the amount of $90,400, advertising expenses were $16,900, salaries and wages totaled $19,050, and income tax expense was calculated as $14,700. During the year, the company declared and paid dividends of $6,500 Required: 2023 a. Prepare the closing entries dated December 31, 2018 b. Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entries, and then determine the ending balance Complete this question by entering your answers in the tabs below. Required Required Prepare the closing entries dated December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account Red.) View transaction et Journal entry worksheet Record the entry for closing dividend account. Enter de rechos Transaction General Journal Debit Credit On December 31, 2018, Ditka Inc. had Retained Earnings of $272,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $173,100 and interest revenue of $83,800. The company used supplies in the amount of $90,400, advertising expenses were $16,900, salaries and wages totaled $19,050, and income tax expense was calculated as $14,700. During the year, the company declared and paid dividends of $6,500. Required: ( 02.17.30 a. Prepare the closing entries dated December 31, 2018 b. Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entries, and then determine the ending balance. Complete this question by entering your answers in the tabs below. Required A Requindd B Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entries, and then determine the ending balance. Retained Earnings Beg Bal (Required A
