Common stock..Service revenue.Unearned revenuesSalaries expense .Accumulated depreciationSupplies expense..Interest revenue.Interest expense..$ 24,000 Accounts receivable102,000 Retained earnings2,100 Salaries payable17,300 Depreciation expense32,600 Rent expense.1,900 Dividends..500 Supplies..Print2,600Done$ 13,0007,9001,2008,0005,8008,0001,800 Selected accounts of Sparkle Electrical, Inc., at June 30, 2018, follow. Begin by closing out the revenueaccounts. Close out the expense accounts. Close out the Dividends account What is Sparkle Electrical,Inc.'s Retained earnings balance at June 30, 2018? Sparkle Electrical, Inc.'s Retained earning balance atJune 30, 2018 is S Create the journal entrys as stated above and find out the retained earningbalance.

Closing entries are required to close the temporary accounts after making financial statements…

Answered: Common stock.. Service revenue Unearned…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11PB: Prepare journal entries to record the following transactions. Create a T-account for Unearned...

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