Question
Pips Puppy Company has the following Trial Balance Account Name Debit Credit Cash $176,750 Accounts Receivable $30,000 Inventory $74,000 Accounts Payable $50,000 Stock $217,000 Retained
- Pips Puppy Company has the following Trial Balance
Account Name Debit Credit
Cash $176,750
Accounts Receivable $30,000
Inventory $74,000
Accounts Payable $50,000
Stock $217,000
Retained Earnings $0
Dividends $15,000
Revenue $140,000
Salary Expense $50,000
Rent Expense $28,000
Insurance Expense $15,500
Tax Expense $3,750
Total $407,000 $407,000
Required:
Record the CLOSING entries in the Journal
What is the ending Balance in The RETAINED EARNINGS Account after closing?
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Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management
Authors: Pawan Handa, Jean Pagani, Denise Bedford
1st Edition
1789737745, 978-1789737745
