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The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $230,000; Service Revenue, $900,000; Salaries Expense, $390,000; Rent Expense, $150,000;
The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $230,000; Service Revenue, $900,000; Salaries Expense, $390,000; Rent Expense, $150,000; Interest Expense, $85,000; and Dividends, $60,000.
Record the necessary closing entries.
Brief Exercise 3-19 Record closing entries (LO3-6) The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $230,000; Service Revenue, $900,000, Salaries Expense, $390,000; Rent Expense, $150,000, Interest Expense, $85,000, and Dividends, $60,000 Record the necessary closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) transaction list view transa Date Record the entries to close revenue accounts. 2. Record the entries to close expense accounts E Record the entries to close dividends accounts. December 31 December 31 December 31 journal entry has been enteredStep by Step Solution
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