Presented below is an adjusted trial balance for Shawn Company, at December 31, 2018.
Instructions
(a) Prepare closing entries for December 31, 2018.
(b) Determine the balance in the Retained Earnings account after the entries have been posted.

Question

Presented below is an adjusted trial balance for Shawn Company, at December 31, 2018.  
Instructions
(a) Prepare closing entries for December 31, 2018.
(b) Determine the balance in the Retained Earnings account after the entries have been posted.

Quizplus · Accepted Answer

The Answer of Presented below is an adjusted trial balance for Shawn Company, at December 31, 2018.  
Instructions
(a) Prepare closing entries for December 31, 2018.
(b) Determine the balance in the Retained Earnings account after the entries have been posted.

Presented Below Is an Adjusted Trial Balance for Shawn Company