Question: urgent please fill in the tables with the same format On December 31, 2018, Ditka Inc. had Retained Earnings of $281,800 before its closing entries



On December 31, 2018, Ditka Inc. had Retained Earnings of $281,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $182,100 and interest revenue of $88,300. The company used supplies in the amount of $94.900, advertising expenses were $17,800, salaries and wages totaled $20,400, and income tax expense was calculated as $16,500. During the year, the company declared and paid dividends of $7,400. Required: a. Prepare the closing entries dated December 31, 2018 b. Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entries, and then determine the ending balance Complete this question by entering your answers in the tabs below. Required A Required Prepare the closing entries dated December 31, 2018. (if no entry is required for a transaction/event, select "No Journal Entry Required View transaction for Journal entry worksheet B Record the entry for closing revenue and expense account Journal entry worksheet Record the entry for closing revenue and expense account. Note: Enter debits before credits Transaction Debit Credit 1 General Journal Service Revenue Interest Revenue Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry for closing dividend account Note: Enter debits before credits Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal a. Prepare the closing entries dated December 31, 2018. b. Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, then determine the ending balante. Complete this question by entering your artswers in the tabs below. Required A Required B Prepare T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the clo and then determine the ending balance. Retained Earnings Beg. Bal. End. Bal
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
