Question: View Help Open in Desktop App A BI U er av 11 PAS LO 5 1 Correct any obvious errors in the following closing entries

 View Help Open in Desktop App A BI U er av

View Help Open in Desktop App A BI U er av 11 PAS LO 5 1 Correct any obvious errors in the following closing entries by providing the four corrected closing entries. Assume all accounts held normal account balances in the Adjusted Trial Balance. A. Income Summary Service Revenue $280,000 $280,000 B. Automobile Expense Insurance Expense Salaries Expense Supplies Expense Income Summary $ 16,500 24,000 190,000 18,500 $249,000 3 C $263,500 Retained Earnings Income Summary $263,500 D. $10,000 Dividends Retained Earnings $10,000 PA10

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