Hyatt Hotels Corporation is headquartered in Chicago and is a leading global hospitality company. The company develops,

Question:

Hyatt Hotels is headquartered in Chicago and is a leading global hospitality company. The company develops, owns, and operates hotels, resorts, and vacation ownership properties in 52 different countries. For the year ended December 31, 2015, Hyatt Hotels reported the following select account information (in millions):
Revenue .......................................................... $ 4,328
Selling, general, and administrative expense ................ 4,005
Other Expenses ................................................. 61
Interest Expense ................................................ 68
Income Tax Expense ........................................... 70
Dividends ....................................................... 0
Retained Earnings, December 31, 2014 ..................... 2,165
Requirements
1. Journalize Hyatt Hotels Corporation's closing entries at December 31, 2015.
2. Determine Hyatt Hotels Corporation's ending Retained Earnings balance at December 31, 2015.
3. Review the Hyatt Hotels Corporation's included in the 2015 annual report and find ending Retained Earnings, December 31, 2015. Does your ending Retained Earnings calculated in Requirement 2 match?
Balance Sheet
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