Selected accounts for Kebby Photography at December 31, 2018, follow: Requirements 1. Journalize Kebby Photography's closing entries

Question:

Selected accounts for Kebby Photography at December 31, 2018, follow:

Retained Earnings | 49,000 Dividends Service Revenue 33,000 14,000 4,500 Supplies Expense Salaries Expense 31,800 2,700

Requirements
1. Journalize Kebby Photography's closing entries at December 31, 2018.
2. Determine Kebby Photography's ending Retained Earnings balance at December 31, 2018.

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Horngrens Financial And Managerial Accounting The Financial Chapters

ISBN: 9780134486840

6th Edition

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Oct 27, 2017 03:31 AM

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Selected accounts for Kebby Photography at December 31, 2018, follow: Requirements 1. Journalize Kebby Photography's closing entries

Question:

Retained Earnings | 49,000 Dividends Service Revenue 33,000 14,000 4,500 Supplies Expense Salaries Expense 31,800 2,700 1,400| Depreciation Expense-Building Depreciation Expense-Furniture 7,000 1,500

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Requirement 1 Date Accounts and Explanation Debit Credit Dec 31 Service Revenue 37500 Income Sum...View the full answer

Horngrens Financial And Managerial Accounting The Financial Chapters

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