Question Help S5-9 (book/static) Rocky RV Center's accounting records include the following accounts at December...
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Question Help S5-9 (book/static) Rocky RV Center's accounting records include the following accounts at December 31, 2018. (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for Rocky 2. Determine the ending balance in the Retained Earnings account Requirement 1. Joumalize the required closing entries for Rocky. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Accounts and Explanation Dec. 31 Debit Credit Date juired ding be - X Data Table amalize the journal e revenu Cost of Goods Sold Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Notes Receivable $ 372,000 Accumulated Depreciation Building 16,000 Cash 26,000 Sales Revenue 113,000 Depreciation Expense-Building 115,000 Dividends 83,100 Interest Revenue 239,600 34,000 $ 38,000 47,000 636,500 13,000 58,000 14,000 Print Done
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