Preparing closing entries from T-account

Selected accounts for Klein Photography at December 31, 2014 follows:

Retained Earnings

| 47,000

Dividends Service Revenue 17, 000 | |30,000 | 2,000

Salaries Expense Supplies Expense

25,000 | 2,400 | 700|

Depreciation ExpenseFurniture Depreciation ExpenseBuilding

800 | 6,200 |

Requirements

Journalize Klein Photographys closing entries at December 31, 2014.

Determine Klein Photographys ending retained earnings balance at December 31, 2014.