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PLUS Kimmel, Accounting, 7e Help System Announcements OURCES Exercise 4-21 Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for
PLUS Kimmel, Accounting, 7e Help System Announcements OURCES Exercise 4-21 Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Marigold Corp. is provided below. Debit Credit Accounts Receivable $55,180 Dividends 19,990 Depreciation Expense 10,030 Equipment 161,730 Salaries and Wages Expense 69,240 Accounts Payable $40,280 Accumulated Depreciation-Equipment 87,250 Uneamed Rent Revenue 17.400 Service Revenue 139,690 Rent Revenue 4,710 Rent Expense 2,740 Retained Earnings 46,970 Supplies Expense 1,060 y Study Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) be here to search 21 RESOURCES Exercises (To close revenue account) 2 Dec. 31 3 9 3 5 09 Its by Study (To cose expense accounts) Dec. 31 (To close net income to retained earnings) Dec. 31 (To dose dividends to retained earnings) Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Click if you would like to show Work for this question: Open Show. Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Type here to search 0 RE
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