Prepare the closing entries at december for yilmaz company

Reference no: EM132728000

The ledger of Yilmaz company contains the following balances:

Retained Earnings $ 30,000;

Dividend $ 2,000;

Service Revenue $ 47,000;

Salaries and Wages Expense $ 27,000; and Supplies Expense $ 5,000.

Problem 1: Prepare the closing entries at December 31 then enter the balances in T-accounts, post the closing entries, and balance the accounts

Reference no: EM132728000

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