Prepare the closing entries. 34. S 35. S 36. S Cash Common stock In preparing the...

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Prepare the closing entries. 34. S 35. S 36. S Cash Common stock In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? Use the following for questions 37-39 T Corp has provided their accounts in alphabetical order. Use these accounts to answer the following questions. Accounts payable $10,000 Accounts Receivable 15,000 Accumulated depreciation In preparing the closing entries for the temporary accounts, how much should Retained earnings be debited? After closing the accounts, what is the ending balance in Retained Earnings? Depreciation expense Dividends Equipment Deferred revenue Notes payable Rent expense 37. S Retained earnings Salaries expense 38. S Service revenue Supplies Supplies expense 39. S Chapter 3 80,000 18,000 300,000 40,000 30,000 800,000 6,000 250,000 6,000 63,000 256,000 458,000 200 1,800 Total current assets Book value of the equipment Net income Page 3-1 Prepare the closing entries. 34. S 35. S 36. S Cash Common stock In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? Use the following for questions 37-39 T Corp has provided their accounts in alphabetical order. Use these accounts to answer the following questions. Accounts payable $10,000 Accounts Receivable 15,000 Accumulated depreciation In preparing the closing entries for the temporary accounts, how much should Retained earnings be debited? After closing the accounts, what is the ending balance in Retained Earnings? Depreciation expense Dividends Equipment Deferred revenue Notes payable Rent expense 37. S Retained earnings Salaries expense 38. S Service revenue Supplies Supplies expense 39. S Chapter 3 80,000 18,000 300,000 40,000 30,000 800,000 6,000 250,000 6,000 63,000 256,000 458,000 200 1,800 Total current assets Book value of the equipment Net income Page 3-1

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