Prepare closing entries

Requirements
1. Using the following selected accounts of Everyday Electrical, Inc., at November 30, 2012, to prepare the entity€™s closing entries:

2. What is Everyday Electrical€™s ending Retained Earnings balance at November 30,2012?

Transcribed Image Text:

Common Stock Service Revenue Unearned Revenues $23,000 Accounts Receivable.9,000 9,200 2,000 Salaries Payab.1,400 21,900 Depreciation Expense. 4,400 6,000 15,000 1,700 91,000 Retained Earnings 34,100 Rent Expens. 2,600 Dividends Accumulated Depreciation Supplies Expense. Interest Revenue Interest Expense.. 600 Supplies 3,000