The ledger of the Batan Company contains the following balances: Common Stock ($ 30,000); Dividends ($ 2,000);

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The ledger of the Batan Company contains the following balances: Common Stock \(\$ 30,000\); Dividends \(\$ 2,000\); Fees Earned \(\$ 41,000\); Salaries Expense \(\$ 26,000\); and Supplies Expense \(\$ 4,000\). Prepare the closing entries at December 31 .

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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