Determine the ending balance in retained earnings account

Reference no: EM131815183

Question: Journalizing closing entries-periodic inventory system D & L Printing Supplies's accounting records include the following accounts at December 31, 2016.

Requirements: 1. Journalize the required closing entries for D & L Printing Supplies assuming that D & L uses the periodic inventory system.

2. Determine the ending balance in the Retained Earnings account.

Reference no: EM131815183

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