1. Using the following selected accounts of Ramirez Electrical, Inc., at November 30, 2016, prepare the entity's closing entries:

2. What is Ramirez Electrical, Inc.'s ending Retained Earnings balance at November 30, 2016?

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$20,000 Accounts Receivable. Retained Earnings. Salaries Payable. Depreciation Expense. Rent Expense Dividends Supplies Common Stock Service Revenue Unearned Revenues. Salaries Expense Accumulated Depreciation Supplies Expense Interest Revenue Interest Expense $11,800 10,600 800 5,400 6,700 15,000 1,600 98,000 2,600 16,200 33,500 825 1,100 2,900