Business
Business, 02.03.2020 18:11, dmccarthey90

The company's adjusted trial balance as follows includes the following accounts balances:
Cash, $15,000;
Equipment, $85,000;
Accumulated Depreciation, $25,000;
Accounts Payable, $10,000;
Retained earnings, $63,500;
Dividends, $2,000;
Sales, $56,000;
Sales Returns and Allowances, $3,000;
Sales Discounts, $1,500;
Depreciation Expense, $25,000; and Salaries Expense, $23,000.
All accounts have normal balances.
Required:
a. Prepare closing entry #1.

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Answers: 1

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The company's adjusted trial balance as follows includes the following accounts balances:
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