Question: a. With the following information below, create the closing entries for Manor Company for 12/31/19 Debit Credit 400,000 40,000 200,000 150,000 - - 50,000 3
a. With the following information below, create the closing entries for Manor Company for 12/31/19 Debit Credit 400,000 40,000 200,000 150,000 - - 50,000 3 Cash Accounts Receivable Land Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Service Revenue Rent Expense Salary Expense Maintenance Expense Depreciation Expense Dividends 200,000 50.000 250,000 175,000 200,000 40,000 20,000 10,000 5,000 10,000 Totals 875,000 875,000 b. After you create the closing entries, what is the ending balance in retained earnings
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