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Use FedEx's adjusted trial balance to answer the next two questions. It was prepared before closing entries. All amounts are in millions of dollars. Question
Use FedEx's adjusted trial balance to answer the next two questions. It was prepared before closing entries. All amounts are in millions of dollars. Question 14 (2 points) FedEx's journal entry to close the revenue and expense accounts should include a: Debit to Salaries Expense for $23,207 million. Credit to Sales for $65,450 million. Credit to Fuel and repair expense for $5,996 million. Debit to Retained earnings for $65,450 million. Question 15 ( 2 points) The Retained earnings balance shown on FedEx's May 31, 2018 balance sheet (i.e., ENDING Retained Earnings) is: . Note that The FedEx's adjusted trial balance shows a Dividends balance. $16,802 million. $16,267 million. $17,337 million
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