RVCenter's accounting records include the following accounts at December31, 2018.

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Requirements

1.

Journalize the required closing entries for Rodney.

2.

Determine the ending balance in the Retained Earnings account.

Requirement 1. Journalize the required closing entries for Rodney. (Record debitsfirst, then credits. Select the explanation on the last line of the journal entrytable.)

Start by closing the revenue accounts for the period. Do not closeexpenses;

Rodney RV Centers amounting records include the following accounts at December 31, 2018. E (Click the icon to view the accounts and balances.) Requirements 1. Joumalize the required closing entries for Rodney. 2. Determine the ending balance in the Retained Earnings account. Requirement 1. Joumalize the required closing entries for Rodney. (Record debits rst, then credits. Select the explanation on the last line ct the journal entry table.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Date Accounts and Explanation Debit Credit Dec. 31 0 Data Table Choose from any list or enter any number in the input fields and then click Check Answer. 4 PMS. - . remaining Cost of Goods Sold Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Notes Receivable $ 367,000 Accumulated DepreciationBuilding $ 40,000 22,000 Cash 51,000 24,000 Sales Revenue 670,000 111.000 Depreciation ExpenseBuilding 10,000 132,000 Dividends 57,000 76,600 Interest Revenue 6,000 268,600 38,000 i Print Done