Question: Chapter 5 Completing the Accounting your 10 5.1 Use the following T-accounts to prepare the four journal entries required to close the books: Debit Credit

Chapter 5 Completing the Accounting your 10 5.1 Use the following T-accounts to prepare the four journal entries required to close the books: Debit Credit Cash Bal. 17,340 Rent Revenue Bal. 240,000 Advertising Expense Bal. 12,000 Insurance Expense Bal. 34,500 Salaries Expense Bal. 128,000 Dividends Bal. 22,000 Retained Earnings Bal. 59,500

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