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Required Information Use the following information for the Exercises below. (Static) The following information applies to the questions displayed betow. The following adjusted trial balance
Required Information Use the following information for the Exercises below. (Static) The following information applies to the questions displayed betow. The following adjusted trial balance at December 31 of Wuson Trucking Company. Exercise 3-23 (Static) Preparing closing entries LO P6 Prepore the closing entries for the year ended December 31. The Retained Eamings account balance was $140,000 ot December 31 of the prior yewri. Journal entry worksheet Prepare the entry to close the revenue account(s). Note: Enter deblts before credits. Journal entry worksheet Prepare the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Prepare the entry to close income summary. Noter Enter debits before credits. Journal entry worksheet Prepare the entry to close the dividends account. Note: Enter debits before credits
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