The bookkeeper for City Rentals closed the books before the accountant had had a chance to prepare the financial statements. Use the bookkeeper's closing entries to prepare, in good form, a statement of retained earnings for the year ended December 31, 2019, the first year of operations for this company.
Closing Entries:

Question

Quizplus · Accepted Answer

The Answer of The bookkeeper for City Rentals closed the books before the accountant had had a chance to prepare the financial statements. Use the bookkeeper's closing entries to prepare, in good form, a statement of retained earnings for the year ended December 31, 2019, the first year of operations for this company.
Closing Entries:

The Bookkeeper for City Rentals Closed the Books Before the Accountant