Question
The Retained earnings account has a credit balance of $52,000 before closing entries are made. Total revenues for the period are $70,200, total expenses are
The Retained earnings account has a credit balance of $52,000 before closing entries are made. Total revenues for the period are $70,200, total expenses are $47,300, and dividends are $15,000. What is the correct closing entry for the expense accounts?
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Data Analytics Using Microsoft Excel With Accounting And Finance Datasets Version 2.0
Authors: Joseph M. Manzo
1st Edition
1453395210, 9781453395219
