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The following accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Balances Balances Retained earnings $ 22,000
The following accounts and normal balances existed at year-end. Make the four journal entries required to close the books:
| Balances | |
|---|---|
| Retained earnings | $ 22,000 |
| Dividends | 6,000 |
| Fees earned revenue | 90,000 |
| Selling expenses | 45,000 |
| Administrative expenses | 16,000 |
| Miscellaneous expense | 2,300 |
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
