Preparing Closing Procedures The adjusted trial balance of Parker Corporation, prepared December 31, 2018, contains the following
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Preparing Closing Procedures
The adjusted trial balance of Parker Corporation, prepared December 31, 2018, contains the following selected accounts.
Adjusted Account Balances | Debit | Credit | ||||
---|---|---|---|---|---|---|
Service fees revenue | $92,500 | |||||
Interest income | 2,200 | |||||
Salaries expense | $41,800 | |||||
Advertising expense | 4,300 | |||||
Depreciation expense | 8,700 | |||||
Income tax expense | 9,900 | |||||
Retained earnings | 42,700 |
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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