
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 14
Calculating retained earnings
Oulette Publishing Company has the following selected account balances at June 30,2012.
Requirements
1. Journalize all required closing entries for the year.
2. Calculate the balance in Retained earnings at June 30, 201.2. Use a T-account to show your calculations.
Oulette Publishing Company has the following selected account balances at June 30,2012.
Requirements
1. Journalize all required closing entries for the year.
2. Calculate the balance in Retained earnings at June 30, 201.2. Use a T-account to show your calculations.
Explanation
2.
Step 1. Read the exercise....
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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