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Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Accounts Debit Retained Earnings Dividends
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Accounts Debit Retained Earnings Dividends Credit $30,000 $ 3,000 Service Revenue Interest Revenue 50,000 6,000 Salaries Expense 15,000 Rent Expense 6,000 Advertising Expense 3,000 Depreciation Expense 11,000 5,000 Interest Expense Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1 December 31, 202 Service Revenue 50,000 Interest Revenue 6,000 2 December 31, 202 Salaries Expense 15,000 equired: Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry equired" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1 December 31, 202 Service Revenue 50,000 Interest Revenue 6,000 2 December 31, 202 Salaries Expense 3 Rent Expense Depreciation Expense Advertising Expense Interest Expense December 31, 202 Retained Earnings Dividends > > 15,000 6,000 11,000 3,000 5,000 3,000 3,000
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