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. А. Income Summary 281,000 Service Revenue 281,000 В. Automobile Expense 17,000 Insurance Expense 26,000 Salaries Expense 191,000 Supplies Expense 18,800 Income Summary 252,800 С. Retained Earnings 263,000 Income Summary 263,000 D. Dividends 14,000 Retained Earnings 14,000 If an amount box does not require an entry, leave it blank.

Question
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.
А.
Income Summary
281,000
Service Revenue
281,000
В.
Automobile Expense
17,000
Insurance Expense
26,000
Salaries Expense
191,000
Supplies Expense
18,800
Income Summary
252,800
С.
Retained Earnings
263,000
Income Summary
263,000
D.
Dividends
14,000
Retained Earnings
14,000
If an amount box does not require an entry, leave it blank.
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Transcribed Image Text

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. А. Income Summary 281,000 Service Revenue 281,000 В. Automobile Expense 17,000 Insurance Expense 26,000 Salaries Expense 191,000 Supplies Expense 18,800 Income Summary 252,800 С. Retained Earnings 263,000 Income Summary 263,000 D. Dividends 14,000 Retained Earnings 14,000 If an amount box does not require an entry, leave it blank.

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Trial Balance and Adjustement Entries

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