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What is the ending balance in retained earnings accoring to this CJE Date Account Titles and Explanation Debit Credit July 31 Service Revenue 18760 Income
What is the ending balance in retained earnings accoring to this CJE
Date Account Titles and Explanation Debit Credit July 31 Service Revenue 18760 Income Summary 18760 To close revenue account) July 31 Income Summary 13680 Salaries and Wages Expense 9350 Mainten Salaries and Wages Expense 2970 Income Tax Expense 1360 To close expense accounts) July 31 Income Summary 5080 Retained Earnings 5080 (To close net income/(loss) to retained earnings) July 31 Retained Earnings 1610 Dividends 1610 To close dividends to retained earnings)Step by Step Solution
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