Below is a partial portion of Jolex's adjusted trial balance.

Cash 10,408

 Accounts Payable 5,803

 Retained Earnings 2,137

 Sales Revenue 13,618

 Rent Revenue 2,456

 Salaries and Wages Expense 7,393

Depreciation Expense 1,658

Utilities Expense 2,332

When preparing the closing entry, the credit to Retained Earnings in the closing entry will be ?

Answer rating: 100% (QA)

To prepare the closing entry we need to transfer all temporary accounts revenue and expenses ... View the full answer