After closing revenues and expense, Adams Company shows the following account balances. Dividends .......... $22,000 Retained Earnings
Question:
Dividends .......... $22,000
Retained Earnings ....... 70,000
Income Summary ....... 29,000 (credit balance)
Prepare the remaining closing entries at December 31.
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Dec 31 Income Summary 29000 Retained E...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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