< > 1 SSO: Texas A&M University San Antonio 110 M Question 7 - Week 13 - Homework #8 (100 points) - Connect Week 13 - Homework #8 (100 points) i ezto.mheducation.com b My Questions | bartleby Saved 7 Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Retained Earnings Credit $30,000 Dividends $3,000 Service Revenue 15 points Interest Revenue 50,000 6,000 Salaries Expense 15,000 Rent Expense 6,000 Skipped Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 eBook 101 Hint Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Mc Graw Hill Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 8 Next > 门 Ⓒ The year-end adjusted trial balance of Aggies Corp... | Chegg.com Help Save & Exit Submit Check my work < > 1 SSO: Texas A&M University San Antonio Week 13 - Homework #8 (100 points) i 15 7 ☑ 110 M Question 7 - Week 13 - Homework #8 (100 points) - Connect ezto.mheducation.com b My Questions | bartleby Saved Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Retained Earnings Debit Credit $30,000 Dividends $3,000 points Service Revenue Interest Revenue 50,000 6,000 Skipped Salaries Expense 15,000 Rent Expense 6,000 Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 eBook Required: 1. Prepare the necessary closing entries. 101 2. Calculate the ending balance of Retained Earnings. Hint Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 References Mc Graw Hill Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 2 > < Prev 7 of 8 Next > 门 Ⓒ The year-end adjusted trial balance of Aggies Corp... | Chegg.com Help Save & Exit Submit Check my work 7

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 7P
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1 SSO: Texas A&M University San Antonio
110
M Question 7 - Week 13 - Homework #8 (100 points) - Connect
Week 13 - Homework #8 (100 points) i
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Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31.
Accounts
Debit
Retained Earnings
Credit
$30,000
Dividends
$3,000
Service Revenue
15
points
Interest Revenue
50,000
6,000
Salaries Expense
15,000
Rent Expense
6,000
Skipped
Advertising Expense
3,000
Insurance Expense
11,000
Interest Expense
5,000
eBook
101
Hint
Required:
1. Prepare the necessary closing entries.
2. Calculate the ending balance of Retained Earnings.
Complete this question by entering your answers in the tabs below.
Print
Required 1
Required 2
References
Mc
Graw
Hill
Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the
first account field.)
View transaction list
Journal entry worksheet
1
2
3
Record the entry to close the revenue accounts.
Note: Enter debits before credits.
Date
December 31, 2024
General Journal
Debit
Credit
Record entry
Clear entry
View general journal
< Prev
7 of 8
Next >
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Transcribed Image Text:< > 1 SSO: Texas A&M University San Antonio 110 M Question 7 - Week 13 - Homework #8 (100 points) - Connect Week 13 - Homework #8 (100 points) i ezto.mheducation.com b My Questions | bartleby Saved 7 Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Retained Earnings Credit $30,000 Dividends $3,000 Service Revenue 15 points Interest Revenue 50,000 6,000 Salaries Expense 15,000 Rent Expense 6,000 Skipped Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 eBook 101 Hint Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Mc Graw Hill Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 8 Next > 门 Ⓒ The year-end adjusted trial balance of Aggies Corp... | Chegg.com Help Save & Exit Submit Check my work
< >
1 SSO: Texas A&M University San Antonio
Week 13 - Homework #8 (100 points) i
15
7
☑
110
M Question 7 - Week 13 - Homework #8 (100 points) - Connect
ezto.mheducation.com
b My Questions | bartleby
Saved
Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31.
Accounts
Retained Earnings
Debit
Credit
$30,000
Dividends
$3,000
points
Service Revenue
Interest Revenue
50,000
6,000
Skipped
Salaries Expense
15,000
Rent Expense
6,000
Advertising Expense
3,000
Insurance Expense
11,000
Interest Expense
5,000
eBook
Required:
1. Prepare the necessary closing entries.
101
2. Calculate the ending balance of Retained Earnings.
Hint
Print
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
References
Mc
Graw
Hill
Calculate the ending balance of Retained Earnings.
Retained earnings
< Required 1
Required 2
>
< Prev
7 of 8
Next >
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Ⓒ The year-end adjusted trial balance of Aggies Corp... | Chegg.com
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Check my work
7
Transcribed Image Text:< > 1 SSO: Texas A&M University San Antonio Week 13 - Homework #8 (100 points) i 15 7 ☑ 110 M Question 7 - Week 13 - Homework #8 (100 points) - Connect ezto.mheducation.com b My Questions | bartleby Saved Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Retained Earnings Debit Credit $30,000 Dividends $3,000 points Service Revenue Interest Revenue 50,000 6,000 Skipped Salaries Expense 15,000 Rent Expense 6,000 Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 eBook Required: 1. Prepare the necessary closing entries. 101 2. Calculate the ending balance of Retained Earnings. Hint Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 References Mc Graw Hill Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 2 > < Prev 7 of 8 Next > 门 Ⓒ The year-end adjusted trial balance of Aggies Corp... | Chegg.com Help Save & Exit Submit Check my work 7
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