PLEASE answer the following questions in the correct format
On December 31, 2018, Ditka Inc. had Retained Earnings of $274,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $175,100 and interest revenue of $84,800. The company used supplies in the amount of $91,400, advertising expenses were $17,100, salaries and wages totaled $19,350, and income tax expense was calculated as $15,100. During the year, the company declared and paid dividends of $6,700. Required: 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 B 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 list Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debits before credits. Transaction Credit Debit 175,100 84,800 General Journal Service Revenue Interest Revenue Supplies Expense Advertising Expense Salaries and Wages Expense 91,400 17,100 19,350 cm @ Saved Help Save & Exit Submit Required A Required B 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 list Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debits before credits. Transaction Credit I Debit 175,100 84,800 General Journal Service Revenue Interest Revenue Supplies Expense Advertising Expense Salaries and Wages Expense Income Tax Expense 91,400 17,100 19,350 15.100 Record entry Clear entry View general journal Saved Help Save & Exit Submit Required A Required B 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 list Journal entry worksheet Record the entry for closing dividend account. Note: Enter debits before credits. Transaction Credit General Journal Retained Earnings Dividends Payable Debit 6,700 2 6,700 Record entry Clear entry View general journal mi Saved Help Save & Exit Submit On December 31, 2018, Ditka Inc. had Retained Earnings of $274,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $175,100 and interest revenue of $84,800. The company used supplies in the amount of $91,400, advertising expenses were $17,100, salaries and wages totaled $19,350, and income tax expense was calculated as $15,100. During the year, the company declared and paid dividends of $6,700. Required: 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 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. End. Bal. Required A Required B >
