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same question for all the pics Journal Entries Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018,
same question for all the pics Journal Entries Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations are indicated in the following accounts Cash Equipment Dividends (1) 40,400 (2) 2,850 (3) 29,100 (9) 4,000 (7) 16.150(3) 5.250 (4) 4,450 (6) 12.100 (9) 4,000 Accounts Receivable (5) 21.000 (7) 16.150 Accounts Payable (6) 12.100(3) 23,850 Service Revenue (5) 21.800 Supplies Common Stock Operating Expenses (2) 2.850 (8) 1.600 (1) 40,400 (4) 4,450 (8) 1.600 Prepare the nine journal entries from which the postings were made. If an amount box does not require an entry leave it bank (:) (23 (3) D Show Me How -- re! KSHEETAL KSHEETAL BKSHEETAL eBook Show Me How Retained Earings Account Balance As of January 1, Retained Earnings had a credit balance of $20,300. During the year dividends totaled 5000, and the business incurred a net loss of $39,600. a. Compute the balance of Retained Earnings as of the end of the year. Debit (negative) balance b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Yes
same question for all the pics
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