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Retained Earnings 51,000 Service Revenue Dividends 37,000 15,000 5,500 Supplies Expense Salaries Expense 3,400 31,100 800 Depreciation Expense-Building Depreciation Expense-Furniture 7,400 1,100 s and Selected

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Retained Earnings 51,000 Service Revenue Dividends 37,000 15,000 5,500 Supplies Expense Salaries Expense 3,400 31,100 800 Depreciation Expense-Building Depreciation Expense-Furniture 7,400 1,100 s and Selected accounts for Kennedy Photography December 31, 2018, follow Click the lcon to view the selected accounts) Requirements Jounalize Kennedy Photography's closing entries at December 31, 2018 Detemine Kennedy Photography's ending Retained Eamings balance at December 31, 2018 1. 2. Requirement 1. Jounalize Kennedy Photography's closing entries at December 31, 2018 (Recoed debits first, then credts Select the explanation on the last ine of the joumal entry table) Start by closing revenues Debi Credit Accounts and Explanation Date Dec 31 Clos (1) Close expenses for the period Debit Credit Accounts and Explanation Date Choose from any ist or enter any umber in the input fielos and then continue to the next question Selected accounts for Kennedy Photography December 31, 2018, follow: (Click the icon to view the selected accounts.) Requirements Journalize Kennedy Photography's closing entries at December 31, 2018. Determine Kennedy Photography's ending Retained Earnings balance at December 31, 2018. 1. 2. Close expenses for the period. Accounts and Explanation Debit Credit Date Dec. 31 Clos. (2) Close Income Summarv Selected accounts for Kennedy Photography December 31, 2018, follow: (Click the icon to view the selected accounts.) Requirements Journalize Kennedy Photography's closing entries at December 31, 2018. Determine Kennedy Photography's ending Retained Earnings balance at December 31, 2018. 1. 2. Close Income Summary. Credit Debit Accounts and Explanation Date Dec. 31 Clos. (3) Selected accounts for Kennedy Photography December 31, 2018, follow: (Click the icon to view the selected accounts.) Requirements Jounalize Kennedy Photography's closing entries at December 31, 2018. Determine Kennedy Photography's ending Retained Earnings balance at December 31, 2018. 1. 2. Close Dividends. Debit Credit Accounts and Explanation Date Dec. 31 Clos. (4) Requirement 2. Determine Kennedy Photography's ending Retained Earnings balance at December 31, 2018. The company's ending Retained Earnings balance at December 31, 2018 is $

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