The ledger of Kaya Company contains the following balances; Retained Earnings TL30,000; Dividends TL2,000; Service Revenue TL50,000;

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The ledger of Kaya Company contains the following balances; Retained Earnings TL30,000; Dividends TL2,000; Service Revenue TL50,000; Salaries Expense TL27,000; and Supplies Expense TL4.000. Prepare the closing entries at December 31.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 11, 2013 06:09 AM

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The ledger of Kaya Company contains the following balances; Retained Earnings TL30,000; Dividends TL2,000; Service Revenue TL50,000;

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Dec 31 Service Revenue 50000 Income Summary 50...View the full answer

Financial accounting

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