Accounts payableAccounts receivableHEAccumulated depreciation, buildingAccumulated depreciation, equipmentBuildingCashDividendsEquipmentX Interest earnedX Interest expenseInvestment in bondsLand improvementsLong-term notes payableX Property taxes expenseProperty taxes payableRetained earingsShare capitalShort-term notes payableTotalsDatu30 Jun Income SummaryRetainod EarningsDebit Credit2,780correct closing entry error19″CSunny11,4003,3203,5201,5408003,3604,6207,3307,4103703605,700b) What entry is required to fix the error? Enter the date in the format dd/mmm (ie. 15/Jan).General JoumalAccount/ExplanationPage GJ87,0707,1806,7606,4406,64043,300 43,300F Debit Creditc) Calculate the correct post-closing retained earnings balance on June 30, 2014.Retained earnings balance:E

The post-closing trial balance seems to be the trial balance created after all types of closing…

PNET Accounts payable Accounts receivable Accumulated depreciation, building Accumulated depreciation, equipment Building Cash Dividends Equipment X Interest eamed X Interest expense Investment in bonds Land improvements com poter ble Debit Credit 2,780 11,400 3,320 3,520 1,540 800 3,360 4,620 7,330 370 360 5,700 7.070

PNET Accounts payable Accounts receivable Accumulated depreciation, building Accumulated depreciation, equipment Building Cash Dividends Equipment X Interest eamed X Interest expense Investment in bonds Land improvements com poter ble Debit Credit 2,780 11,400 3,320 3,520 1,540 800 3,360 4,620 7,330 370 360 5,700 7.070

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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