Selected accounts for Klein Photography at December 31, 2014 follow. Requirements 1. Journalize Klein Photographys closing entries

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Selected accounts for Klein Photography at December 31, 2014 follow.

Requirements
1. Journalize Klein Photographyâ€™s closing entries at December 31, 2014.
2. Determine Klein Photographyâ€™s ending Retained Earnings balance at December 31,2014.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

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

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Question Posted: Jan 16, 2015 08:34 AM

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Selected accounts for Klein Photography at December 31, 2014 follow. Requirements 1. Journalize Klein Photographys closing entries

Question:

Retained Earnings 47,000 Service Revenue 30,000 2,000 Dividends 17,000 Salartes Expense Supplies Expense 25,400 700 2,400 Depreclation Expense Furniture Deprecdation Expense-Bullding 800 6,200

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Requirement 1 Date Accounts and Explanation Debit Credit Dec 31 Service Revenue 32000 Income Summ...View the full answer

Horngrens Financial and Managerial Accounting

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