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This is as clear as it can get Questo 3 Nor complete Marked out of 12.00 Flog question Closing Entries The adjusted trial balance prepared
This is as clear as it can get
Questo 3 Nor complete Marked out of 12.00 Flog question Closing Entries The adjusted trial balance prepared as of December 31, for Phylls Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit Service Fees Eamed $90600 Rent Expense 521100 Salaries Expense 46,000 Supples Expense 5.900 Depreciation Expense 10,500 Retained Earnings 67800 Dividends 9.300 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted what is the balance in the Retained Earnings account? General Journal Description + 5 Debit Date Dec 31 Credit 0 $ 0 0 Dec 31 0 To close the revenge account . Rent Expense Salaries Expense Supplies Expense 0 0 0 0 0 To close the experise accounts Dec.31 0 0 To Closed vidends accum Balance in Retained Earnings at December 31 $ 0 CheckStep by Step Solution
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