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terprises cry * ry Data table Cost of services sold Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2020 $ Print 14,400

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terprises cry * ry Data table Cost of services sold Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2020 $ Print 14,400 Service revenue 41,800 Depreciation expense Other revenue 6,600 Dividends declared Income tax expense 2,100 Income tax payable Done $ - X 32,300 4,200 1.100 700 800 700 any journal en Consider the following selected accounts from the records of North Shore Enterprises at December 31, 2020 the tow the selected accounts and balances) Read the same Begin by going tries for Form Spor Enterprises Hecord the entry to come out the reverse these tertions from anymore Journal Date Account D Cred Dec 31 Nedost the expense accounts Joumal Entry Accounts Det Credit Data med 31 Now close out the dividend account Journal Entry Accounts Date Credit (3) Dec 31 How much net income did North Shore Enterprises eam during 2021?- Net income for 2021 was Prepare a T-account for Retained Earnings to show the December 31, 2021, balance of Retained Eamings. Post the beginning balance and closing entries to Retained Earnings and determine the ending balance Retained Earnings Time Remaining: 0 Debit MO Atte Accumulated Depreciation follov bicor Cost of Services Sold es at Lirem Depreciation Expense Dividends 31 Income Tax Expense Interest Expense Notes Payable ut the Operating Expenses Other Revenue 31 Interest Expense Date 31 Notes Payable Accumulated Amortization Amortization Expense close out the Dividends Date Credit Income Tax Expense Dec 31 Interest Expense Notes Payable Song Operating Expenses v close out the Other Expenses Other Revenue Date Credit Retained Earnings Selling, General and Administrative Expenses Date (3) Dec 31 Beginning balance Clo (1) Clo (2) Clo (3) Journal Entry Accounts Shore Enterprises earn during 2021? ed Earnings to show the December 31, 2021 ained Earnings

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