Vanguard Company had the following adjusted trial balance at December 31, 2014. Instructions
(a) Journalize the entries required to close the accounts.
(b) Prepare a retained earnings statement for the year ended December 31, 2014.

Question

Vanguard Company had the following adjusted trial balance at December 31, 2014.  Instructions
(a) Journalize the entries required to close the accounts.
(b) Prepare a retained earnings statement for the year ended December 31, 2014.

Quizplus · Accepted Answer

The Answer of Vanguard Company had the following adjusted trial balance at December 31, 2014.  Instructions
(a) Journalize the entries required to close the accounts.
(b) Prepare a retained earnings statement for the year ended December 31, 2014.

Vanguard Company Had the Following Adjusted Trial Balance at December