Do Homework-Enn Mack-Google Chrome 0 Secure https f/ww.mathxl x?homeworkld 46473

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Do Homework-Enn Mack-Google Chrome 0 Secure https f/ww.mathxl x?homeworkld 46473887Rquestionld-flushedasd-4838869centerwin-yes AC 231 On(Online) Spring 2018 Erin Mack l 4/24/18 11:52 AM Homework: Chapter 14 Homework Save Score: 0 of 10 pts 45of 5 (5 complete) HW Score: 70.13% , 24.55 of 35 pts E4-22 (similar to) EQuestion Help Scleated arcunts for Ken Photog aphy Deremter 31, 2018, follow Click the icon to vhaw the selacted accounts.) 1 Jurnaizc Kn Phatography's closing cntries at Dccember 31, 2018 Data Table 2 Delerre Klein Photagraphy's enting Retained Earnings balac at Decbe 31, 2013 Requirament 1. aurnalizc Klein Photography's dosing entries at Derember 31, 2018 (Rocard dchits first, then Elant by cleing reveues Retained Earnings 44 000 Date Accounts and Explanation Deblt Credit Dividends Service Revenue Dec. 31 Ckhs. (1) 31,000 3000 Salaries Expense 1 000 Dopreciation Ex Print Done Choose from any list or enter any number in the input fields and then click Check Answer 4 erilaining Check?15 :1 Type: here to search 11:52 AM 4/24/2018

Explanation / Answer

1) Journal Entries (Amounts in $)

2) Retained Earnings (Amounts in $)

Date Accounts and Explanation Debit Credit Dec 31 Service Revenue ($31,000+$3,000) 34,000 Income Summary 34,000 (To close the service revenue) Dec 31 Income Summary 43,600 Salaries Expense ($30,400+$1,000) 31,400 Supplies Expense 3,300 Depreciation Expense-Building 7,100 Depreciation Expense-Furniture 1,800 (To close the expenses) Dec. 31 Retained Earnings 9,600 Income Summary ($43,600-$34,000) 9,600 (To close income summary) Dec. 31 Retained Earnings 20,000 Dividends 20,000 (To close dividends)

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