After closing revenues and expense, Alomar Company shows the following account balances. Dividends ...... $22,000 Retained Earnings
Question:
Dividends ...... $22,000
Retained Earnings .. 70,000
Income Summary ... 36,000 (credit balance)
Prepare the remaining closing entries at December 31.
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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