Requirements

1.	Journalize the required closing entries for RockwellRockwell.
2.	Determine the ending balance in the Retained Earnings account.

Rockwell RV Center's accounting records include the following accounts at December 31, 2018. (Click the icon to view the accounts and balances.) Cost of Goods Sold Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Notes Receivable $ 371,000 Accumulated Depreciation Building 15,000 Cash 28,000 Sales Revenue 115,000 Depreciation Expense-Building 133,000 Dividends 25,600 Interest Revenue 231,600 33,000 $ 39,000 54,000 685,000 18,000 55,000 8,000