Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $221,000 Service Revenue. $855.000; Salaries Expense. $381,000: Rent Expense. $141.000:

image text in transcribed
The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $221,000 Service Revenue. $855.000; Salaries Expense. $381,000: Rent Expense. $141.000: Interest Expense. $76,000: and Dividends. $51.000 Record the necessary closing entries. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the flest account field.) Answer is not complete. No Date General Journal Credit Debit 855.000 1 December 31 Service Revenue Retained Earnings 855,000 2 December 31 Retained Earnings Rent Expense Salaries Expense Interest Expense OSO 141.000 381,000 76,000 2 December 31 51.000 Retained Earnings Dividends Blo 51,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

3 most imortant thing in the 10-K of Amazon.

Answered: 1 week ago

Question

What are the errors not affecting the trial balance?

Answered: 1 week ago