The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,900;Dividends $1,250; Services Revenue $22,000; Wages Expense $12,900; and Rent Expense $3,400.Prepare its December 31 closing entries.View transaction listJournal entry worksheet< 134Record the entry to close the income summary account.Note: Enter debits before credits.General JournalDebitCreditDateDecember 31Record entryClear entryView general journal Save & ExitSubmThe ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,900;Dividends $1,250; Services Revenue $22,000; Wages Expense $12,900; and Rent Expense $3,400.Prepare its December 31 closing entries.View transaction listJournal entry worksheet23Record the entry to close the dividends account.Note: Enter debits before credits.General JournalDebitCreditDateDecember 31Record entryClear entryView general journal

Closing Entries - Closing entries are required to close the temporary accounts after making…

The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,900; Dividends $1,250; Services Revenue $22,000; Wages Expense $12,900; and Rent Expense $3,400. Prepare its December 31 closing entries. View transaction list Journal entry worksheet 3. 4. Record the entry to close the income summary account. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal

The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,900; Dividends $1,250; Services Revenue $22,000; Wages Expense $12,900; and Rent Expense $3,400. Prepare its December 31 closing entries. View transaction list Journal entry worksheet 3. 4. Record the entry to close the income summary account. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 2PA: The balances of the ledger accounts of Beldren Home Center as of December 31, the end of its fiscal...

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