Prepare the necessary closing entries based on the following selected accounts. $$\begin{array} { l r }
\text { Accumulated Depreciation } & \$ 10,000 \
\text { Depreciation Expense } & 4,000 \
\text { Retained Earnings } & 20,000 \
\text { Dividends } & 12,000 \
\text { Salaries and Wages Expense } & 18,000 \
\text { Service Revenue } & 31,000
\end{array}$$

Question

Prepare the necessary closing entries based on the following selected accounts. $$\begin{array} { l r } 
\text { Accumulated Depreciation } & \$ 10,000 \
\text { Depreciation Expense } & 4,000 \
\text { Retained Earnings } & 20,000 \
\text { Dividends } & 12,000 \
\text { Salaries and Wages Expense } & 18,000 \
\text { Service Revenue } & 31,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Prepare the necessary closing entries based on the following selected accounts. $$\begin{array} { l r } 
\text { Accumulated Depreciation } & \$ 10,000 \
\text { Depreciation Expense } & 4,000 \
\text { Retained Earnings } & 20,000 \
\text { Dividends } & 12,000 \
\text { Salaries and Wages Expense } & 18,000 \
\text { Service Revenue } & 31,000
\end{array}$$

Prepare the Necessary Closing Entries Based on the Following Selected