Question: An adjusted trial balance is given, What will be the final balance in the corporation's Retained Earnings account after recording the closing entries, Dr,side cash13,000,AR,2000,Prepaid

An adjusted trial balance is given, What will be the final balance in the corporation's Retained Earnings account after recording the closing entries, Dr,side cash13,000,AR,2000,Prepaid Rent700, Merchandise Inventory25,000, dividend1000, cost of good sold 23,000 ,Salaries expense 18,000 ,Rent expense 12,000, selling expense 8,500, delivery expense,1800,supplies expense 600,total 105,600.CR side, AP 4,100 NP 2000,Common Stock 8000 Retaining Earning 3,800 Saies Revenue 86,900 Total 105,600

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!