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please show me all the work P3-56B The accounts of For You e Travel Inc. at December 31, 2017, are listed in alphabetical order. Accounts
please show me all the work
P3-56B The accounts of For You e Travel Inc. at December 31, 2017, are listed in alphabetical order. Accounts payable $ 5,100 Other assets 3,600 Accounts receivable 6,600 Retained earnings Accumulated depreciation-furniture 11,600 December 31, 2016 5,300 Advertising expense 2,200 Salary expense 24,600 Cash 7.300 Salary payable 3,900 Depreciation expense 1.300 Service revenue 93,500 Dividends 47,400 Share capital 15,000 Furniture 41,400 Supplies 7.700 Interest expense 800 Supplies expense 5,700 Note payable, long term $10,600 Unearned service revenue 3,600 Requirements 1. All adjustments have been journalized and posted, but the closing entries have not been made. Journalize For You eTravel Inc.'s closing entries at December 31, 2017. 2. Set up a T-account for Retained Earnings and post to that account. Compute For You's net income for the year ended December 31, 2017. What is the ending balance of Retained Earnings? 3. Did Retained Earnings increase or decrease during the year? What caused the increase or the decrease Step by Step Solution
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