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Question - The income statement for the Pines Golf Club Inc. for the month ended July 31 shows Service Revenue $16,000, Salaries and Wages Expense $8,400, Maintenance and Repairs Expense $2,500, and Income Tax Expense $1,000. The statement of retained earnings shows an opening balance for Retained Earnings of $20,000 and Dividends $1,300.
(a) Show closing journal entries.
(b) What is the ending balance in Retained Earnings?
your accounts receivable clerk mary herman to whom you pay a salary of 3495 per month has just purchased a new audi.
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through hard work and careful saving hans and his family have152000 to start a small business. the family estimates
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Ike issues $ 180,000 of 11%, three year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $ 184,566. Their market rate is 10% at the issue date.
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