The accountant for Klein Photography has posted adjusting entries (a)€“(e) to the following selected accounts at December 31, 2012.

Requirements
1. Journalize Klein Photography€™s closing entries at December 31, 2012.
2. Determine Klein Photography€™s ending Retained earnings balance at December 31, 2012.
Note: Exercise 4-22 should be prepared only after completing Exercise 4-13 through4-16.

Transcribed Image Text:

Accounts receivable Supplies 5,000 (b) 46,000 2,000 2,400 (a) Accumulated depr.-building Accumulated depr.-furniture 8,000 30,000 6,200 (d) (c) 800 Retained earnings Salary payable (e) 47,000 700 Dividends Service revenue 57,000 108,000 2,000 (a) Supplies expense Salary expense (b) 25,400 2,400 (e) 700 Depreciation expense-furniture Depreciation expense-building (d) (c) 800 6,200