The following accounts and normal balances existed atyear-end.Advertising expense$6,000Dividends4,100Rent expense6,200Salaries expense53,000Service revenue90,000Utilities expense7,800Make the four journal entries required to close the books. Ifan amount box does not require an entry, leave it blank.А.С.DividendsIncome SummaryRetained EarningsService RevenueUtilities Expense0I 1I IIB.D.

Definition: Closing entries: The journal entries prepared to close the temporary accounts to…

The following accounts and normal balances existed at year-end. Advertising expense Dividends Rent expense Salaries expense Service revenue Utilities expense $6,000 4,100 6,200 53,000 90,000 7,800 Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.

The following accounts and normal balances existed at year-end. Advertising expense Dividends Rent expense Salaries expense Service revenue Utilities expense $6,000 4,100 6,200 53,000 90,000 7,800 Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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