Revenue Service Revenue............ Expenses Income Statement For the Month Ended June 30, 2021 Salaries and Wages...

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Revenue Service Revenue............ Expenses Income Statement For the Month Ended June 30, 2021 Salaries and Wages Expense.... Depreciation Expense......... Utilities Expense...... Rent Expense......... Supplies Expense.... Interest expense Total Expenses.. Net Income... $3,200 350 400 600 2050 Instructions (a) Prepare closing entries at June 30. (b) Prepare a retained earnings statement for the month of June. 500 Time left 0:34:48 $9,500 7.100 $2.400 On June 1, the Retained Earnings account had a balance of $10,900. During June, the company paid $3,000 in dividends. Revenue Service Revenue............ Expenses Income Statement For the Month Ended June 30, 2021 Salaries and Wages Expense.... Depreciation Expense......... Utilities Expense...... Rent Expense......... Supplies Expense.... Interest expense Total Expenses.. Net Income... $3,200 350 400 600 2050 Instructions (a) Prepare closing entries at June 30. (b) Prepare a retained earnings statement for the month of June. 500 Time left 0:34:48 $9,500 7.100 $2.400 On June 1, the Retained Earnings account had a balance of $10,900. During June, the company paid $3,000 in dividends.

Answer rating: 100% (QA)

To prepare the closing entries at June 30 we need to transfer all the revenue and expense accounts t... View the full answer