Solution-Journalize the required closing entries for

Journalize the required closing entries for rockwell

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Reference no: EM13529545

Journalizing closing entries-perpetual inventory Rockwell RV Center, Inc.'s accounting records include the following accounts at December 31, 2012:

Cost of goods sold	$385,000	Accumulated depreciation	$ 39,000
Accounts payable	17,000	Cash	43,000
Rent expense	21,000	Sales revenue	696,000
Building	108,000	Depreciation expense	12,000
Retained earnings	64,800	Dividends	61,000
Inventory	261,000	Sales discounts	9,000
Common stock	144,000

Requirement

1. Journalize the required closing entries for Rockwell RV Center for December 31, 2012.

Reference no: EM13529545

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Journalize the required closing entries for rockwell

Reference no: EM13529545

Reference no: EM13529545

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