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The following financial information was taken from the books of BonVoy Vacations on December 31, Year 2. All accounts have normal balances and are listed
The following financial information was taken from the books of BonVoy Vacations on December 31, Year 2. All accounts have normal balances and are listed in random order: Required: Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for BonVoy Vacations. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the closing entry for sales revenue. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for all expenses. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for dividends Note: Enter debits before credits
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