1. Using the following selected accounts of A to Z Electrical, Inc. at April 30, 2013, prepare the entity’s closing entries:
Common Shares .......... $ 18,000
Service Revenue .......... 127,000
Unearned Revenues .......... 1,800
Salary Expense .......... 18,500
Accumulated Depreciation ........ 32,600
Supplies Expense .......... 1,700
Interest Revenue .......... 800
Interest Expense .......... 2,300
Accounts Receivable .......... $9,000
Retained Earnings .......... 6,500
Salary Payable .............. 800
Depreciation Expense .......... 8,200
Building Rent Expense .......... 5,100
Dividends ............... 18,000
Supplies ............... 1,800
2. What is A to Z Electrical’s ending retained earnings balance at April 30, 2013?