Calculate retained earnings at the end of the period

Reference no: EM131812513

Prepare closing entries and calculate retained earnings at the end of the period.

Service fees Earned 80,500
Rent Expense 20,800
Salaries Expense 52,000
Supplies Expense 5,600
Depreciation Expense 11,300
Retained Earnings 72,000
Dividends 10,000

Reference no: EM131812513

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