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On December 31, 2022 Ditka Incorporated hod Retained Earings of $282,800 before its closing entries were prepared and posted During 2022, the company had service

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On December 31, 2022 Ditka Incorporated hod Retained Earings of $282,800 before its closing entries were prepared and posted During 2022, the company had service revenue of $183,100 and interest revenue of $88,800. The company used supplies in the amount of $95.400, advertising expenses were $17.900, salaries and wages totaled $20,550, and income tax expense was calculated as $16,700. During the year, the company declared and paid dividends of $7,500. Required: a. Prepare the closing entries doted December 31, 2022. b. Enter the beginning balance into the following T-account for Retained Earnings and post the closing entries Complete this question by entering your answers in the tabs below. Required A Required Prepare the closing entries dated December 31, 2022. (If no entry is required for a transaction/event, select "No Journal Entry Required In the first account feld) View transaction ist View journal entry worksheet No Transaction December 31 2022 Credit 1 Debit 183.100 88.800 General Journal Service Revenue Interest Revenue Retained Earnings Supplies Expanse Advertising Expense Salaries and Wages Expense Tecome Tax Expense Retained Earnings Ewidends 271,900 95.400 17.900 20.550 16.700 121.350 121,350 Required > Journal entry worksheet Record the entry for closing dividend account. Note: Enter debits before credits. Transaction General Journal Debit Credit December 31, 2022 On December 31, 2022, Ditka Incorporated had Retained Earnings of $282,800 before its closing entries were prepared and posted. During 2022, the company had service revenue of $183,100 and interest revenue of $88,800. The company used supplies in the amount of $95,400, advertising expenses were $17.900, salaries and wages totaled $20,550, and income tax expense was calculated as $16,700. During the year, the company declared and pold dividends of $7,500. Required: a. Prepare the closing entries dated December 31, 2022. b. Enter the beginning balance into the following T-account for Retained Earnings and post the closing entries Complete this question by entering your answers in the tabs below. Required A Required B Enter the beginning balance into the following T-account for Retained Earnings and post the closing entries. Retained Earnings Debit Credit Beginning Balance Ending Balance

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