The following accounts and normal balances existed at year-end. Retained earnings $27,000 Dividends 8,000 Fees earned revenue 94,000 Selling expenses 48,000 Administrative expenses 18,000 Miscellaneous expense 2,800 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. Retained earnings $27,000 Dividends 8,000 Fees earned revenue 94,000 Selling expenses 48,000 Administrative expenses 18,000 Miscellaneous expense 2,800 Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following accounts and normal balances existed at year-end.
| $27,000 | |
| Dividends | 8,000 |
| Fees earned revenue | 94,000 |
| Selling expenses | 48,000 |
| Administrative expenses | 18,000 |
| Miscellaneous expense | 2,800 |
Make the four
Transcribed Image Text:Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.
A.
C.
B.
D.
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