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What is the ending balance in retained earnings? Date Account Titles and Explanation Debit Credit July 31 Service Revenue 16,010 Income Summary 16,010 (To close
What is the ending balance in retained earnings?
Date Account Titles and Explanation Debit Credit July 31 Service Revenue 16,010 Income Summary 16,010 (To close revenue account) July 31 JIncome Summary 11,9307 Salaries and Wages Expense 8,410 | Maintenance and Repairs Expense 2,510 Income Tax Expense 1,010 (To close expense accounts) July 31 Income Summary 4,080 Retained Earnings 4,080 July 31 Retained Earnings Dividends 1,350 (To close dividends to retained earnings) (b) * Your answer is incorrect. Try again. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings Date Account Titles and Explanation Debit Credit July 31 Service Revenue 16,010 Income Summary 16,010 (To close revenue account) July 31 JIncome Summary 11,9307 Salaries and Wages Expense 8,410 | Maintenance and Repairs Expense 2,510 Income Tax Expense 1,010 (To close expense accounts) July 31 Income Summary 4,080 Retained Earnings 4,080 July 31 Retained Earnings Dividends 1,350 (To close dividends to retained earnings) (b) * Your answer is incorrect. Try again. What is the ending balance in Retained Earnings? Ending balance in Retained EarningsStep by Step Solution
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