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please help for the correct answer on Dec.31 Income summary. the 71,800 is not correct Selected year-end account balances from the adjusted trial balance as
please help for the correct answer on Dec.31 Income summary. the 71,800 is not correct
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Bramble Corp. is provided below. Retained Earnings 50,680 Supplies Expense 1,150 Dec. 31 Service Revenue RentRevenue Income Summary \begin{tabular}{|l|} \hline 150,720 \\ \hline 5,080 \end{tabular} (To dose revenue account) \begin{tabular}{l} Depreciation Expense \\ Salaries and Wages Expense \\ Rent Expense \\ \hline \end{tabular} Supplies Expense (To close expense accounts) 1,150 Dec. 31 Income Summary Retained Earnings (To dose net income to retained earnings) Dec. 31 Retained Earnings 21,570 Dividends (To dose dividends to retained earnings) Step by Step Solution
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