Closing Entries Responsible Company The balances as of

Last updated: 10/12/2023

Closing Entries Responsible Company The balances as of December 31 2024 after adjustments have been made for Responsible Company are listed below 1 Record the closing entries needed for Responsible Company Type your answer in journal form Omit explanations 2 Indicate the ending balance of Retained Earnings on December 31 2024 Show the calculation Cash 4 000 Accounts Receivable 5 000 Wages Expenes 8 000 Service Revenue 35 000 Accounts Payable 6 000 Common Stock 71 000 Dividends 1 000 Advertising Expense 21 000 Retained Earnings January 1 2024 50 000 Building 300 000 Depreciation Expense Building 9 000 Accumulated Depreciatio Building 1 Record the closing entries needed for Responsible Company Type answer in journal form Omit explanations 2 Indicate the ending balance of Retained Earnings on December 31 Show the calculation BIUS IEE X EE x Insert Formula