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9. Hart RV Center, Inc.s, accounting records include the following accounts at D

ID: 2374232 • Letter: 9

Question


9. Hart RV Center, Inc.s, accounting records include the following accounts at December 31,

2010:

cost of goods sold $387,000                  accumulated depreciation   $38,000

accounts payable 19,000                       cash                                    44,000   

rent expense 22,000                              sales revenue                     699,000  

building 114,000 depreciation expense          14,000

retained earnings 63,000                      dividends                             63,000

inventory 256,000                                 sales discounts                   8,000

common stock 140,000

Requirement


R1. Journalize the required closing entries for Hart RV Center for December 31, 2010. I neede help journalizing this as a closing entries . Can some one help me with this please

Explanation / Answer

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