After closing revenues and expense, Natraj Company shows the following account balances. Dividends...................$22,000 Retained Earnings ................70,000 Income
Question:
Dividends...................$22,000
Retained Earnings ................70,000
Income Summary .................36,000 (credit balance)
Prepare the remaining closing entries at December 31.
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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