The accountant for Klein Photography has posted adjusting entries (a)(e) to the following selected accounts at December
Question:
Requirements
1. Journalize Klein Photographys closing entries at December 31, 2012.
2. Determine Klein Photographys ending Retained earnings balance at December 31, 2012.
Note: Exercise 4-22 should be prepared only after completing Exercise 4-13 through4-16.
Transcribed Image Text:
Accounts receivable Supplies 5,000 (b) 46,000 2,000 2,400 (a) Accumulated depr.-building Accumulated depr.-furniture 8,000 30,000 6,200 (d) (c) 800 Retained earnings Salary payable (e) 47,000 700 Dividends Service revenue 57,000 108,000 2,000 (a) Supplies expense Salary expense (b) 25,400 2,400 (e) 700 Depreciation expense-furniture Depreciation expense-building (d) (c) 800 6,200
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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