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The ledger of Mai Company includes the following accounts with normal balances as of December 3 1 : Retained Earnings $ 1 0 , 1
The ledger of Mai Company includes the following accounts with normal balances as of December : Retained Earnings $; Dividends $; Services Revenue $; Wages Expense $; and Rent Expense $ Prepare its December closing entries. Record the entry to close revenue accounts. Record the entry to close expense accounts. Record the entry to close the income summary account. Record the entry to close the dividends account.
The ledger of Mai Company includes the following accounts with normal balances as of December : Retained Earnings $; Dividends $; Services Revenue $; Wages Expense $; and Rent Expense $
Prepare its December closing entries.
Record the entry to close revenue accounts.
Record the entry to close expense accounts.
Record the entry to close the income summary account.
Record the entry to close the dividends account.
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