Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the following is the adjusted trial balance for becker photography After the closing entries, what will the final balance in retained earnings be? Debit Credit
the following is the adjusted trial balance for becker photographyAfter the closing entries, what will the final balance in retained earnings be?
Debit Credit ccounts Cash ccounts Receivable repaid Insurance fice Supplies 88,600 9,000 ,500 ,200 30,000 Buildin ccumulated Depreciation-Buildin 17,500 Equipment 77,000 ccumulated Depreciation-Equipment ciation Equip ,000 Land 7,000 ccounts Pavable alaries Pavable 5,000 ,000 7,000 03,000 6,000 1,500 Unearned Revenu ortgage Pavable Common Stock Retained Earnings Dividends ,000 01,000 ervice Revenue alaries Expense epreciation Expense- Building and 62,000 Equipment 6,200 1,000 14,500 8,000 upplies Expense surance Expense Utilities Expense 51 5 000 515 0nStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started