Closing entries with net loss Marina Services Co. offers its services to individuals desiring to…
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Closing entries with net loss Marina Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Marina Services Co.Capital Stock ……. $101,000Retained Earnings …… 380,000Dividends …….. $6,000Fees Earned ……. 217,200Wages Expense ….. 191,900Rent Expense ….. 45,500Supplies Expense ….. 11,300Miscellaneous Expense … 5,200Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave it blank.View Solution:
Closing entries with net loss Marina Services Co offers its
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