Prepare closing entries

Requirements
1. Using the following selected accounts of Jona and Son Electrical, Inc., at April 30, 2012, prepare the entity€™s closing entries:

2. What is Jona and Son Electrical€™s ending Retained Earnings balance at April 30,2012?

Transcribed Image Text:

$ 7,000 4,200 1,300 2,600 5,900 800 Dividends..16,000 500 Supplies1,700 Service Revenue 54,000 Retained Earnings .2,100 Salaries Expense 20,800 Depreciation Expense 30,000 Rent Expense Supplies Expense... Interest Revenue. Interest Expense 2,400