Rockwell RV Center, Inc.s accounting records include the following accounts at December 31, 2012: Requirement 1. Journalize

Question:

Rockwell RV Center, Inc.€™s accounting records include the following accounts at December 31, 2012:

Cost of goods sold Accounts payable Rent expense Building Retained earnings Inventory Common stock $385,000 Accumulated

Requirement
1. Journalize the required closing entries for Rockwell RV Center for December 31,2012.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 36% (11 reviews)

Req 1 Journal DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT CLOS...View the full answer

Answered By

Somshukla Chakraborty

I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).

4.00+ 2+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

See More Books

Question Posted: Dec 16, 2011 07:24 AM

See More Questions

Rockwell RV Center, Inc.s accounting records include the following accounts at December 31, 2012: Requirement 1. Journalize

Question:

Cost of goods sold Accounts payable Rent expense Building Retained earnings Inventory Common stock $385,000 Accumulated depreciation $ 39,000 17,000 Cash 21,000 Sales revenue 108,000 Depreciation expense 64,800 261,000 Sales discounts 144,000 696,000 12,000 61,000 9,000 Dividends

Step by Step Answer:

Req 1 Journal DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT CLOS...View the full answer

Financial and Managerial Accounting

Students also viewed these Managerial Accounting questions