3 dila, 3 le\'s C @Xina Kifi hus the icalk r irt 3 maFna tel1 alartra13 saxvetli

Question

3 dila, 3 le's C @Xina Kifi hus the icalk r irt 3 maFna tel1 alartra13 saxvetlik gh' Credit $ 1,280 2,500 2,800 3,500 14,500 Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $3,600 5,920 1,250 3,400 700 2,900 1,200 350 46,530 350 22,600 1,800 4,720 1,900 6,500 3,400 Total $65,850 $65,850

Explanation / Answer

Closing entry :

Date General journal Debit Credit Dec 31 Retained earnings 350     Dividend 350 (To close dividend account)

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