Cash Accounts receivable Supplies Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Service revenue Depreciation...
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Cash Accounts receivable Supplies Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Service revenue Depreciation expense Salaries and wages expense Supplies expense Total Debit $661 $3,020 $3,260 $3,440 $3,560 629 480 4,200 112 1,593 315 $7,990 Credit 1,270 680 1,000 2,480 2,560 $7,990 After closing entries have been posted, the balance in retained earnings will be: Cash Accounts receivable Supplies Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Service revenue Depreciation expense Salaries and wages expense Supplies expense Total Debit $661 $3,020 $3,260 $3,440 $3,560 629 480 4,200 112 1,593 315 $7,990 Credit 1,270 680 1,000 2,480 2,560 $7,990 After closing entries have been posted, the balance in retained earnings will be:
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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