Question: Just need some help please I will rate! Many thanks and God bless % S4-11 (similar to) Question Help O The following balances appear on
Just need some help please
I will rate!
Many thanks and God bless
% S4-11 (similar to) Question Help O The following balances appear on the books of Sarah Simon Enterprises: Retained Earnings, $24,000; Dividends, $6,600; Income Summary, 50; Service Revenue, $22,600; Salaries Expense, $7,500; Rent Expense $3,000; and Advertising Expense, $3,100. All accounts have normal balances. Read the requirements Salaries Expense Dividends 6,600 Adj. Bal. Adj. Bal. 7,500 Income Summary Rent Expense 3,000 Adj. Bal. Advertising Expense Adj. Bal. 3,100 Requirements Requirement 2. Post the closing entries to the accounts, denoting posted amounts as Clos. Start by closing revenues. Retained Earnings 24,000 Adj. Bal. Service Revenue 22,600 Adj. Bal. 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adj. Bal.) at December 31. 2. Post the closing entries to the accounts, denoting posted amounts as Clos. 3. Compute the ending balance of Retained Earnings. Dividends Salaries Expense Print Done Adj. Bal. 6,600 Adj. Bal. 7,500 Income Summary Rent Expense Adj. Bal. 3,000 Advertising Expense Adj. Bal. 3,100 Choose from any list or enter any number in the input fields and then click Check Answer. ? 4 parts Clear All Check Answer remaining
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