Prepare the closing entries from the following selected accounts from the records of Wolf Enterprises at December
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How much net income did Wolf Enterprises earn during 2016? Prepare a T-account for Retained Earnings to show to show the December 31, 2016, balance of Retained Earnings.
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4,600 200 300 300 700 Accumulated depreciation. 40,800 Depreciation expense. Selling, general, and Other revenue .. administrative expenses..6,300 Dividends declared.. Retained earnings, Income tax expense... December 31, 2015. 2,400 Income tax payable
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Journal DATE ACCOUNT TITLES DEBIT CREDIT Closing Entries Dec 31 Service Revenue 32100 Other R...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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