Seminoles Corporation S Fiscal Year End Is December 31 2012 The Following

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Seminoles Corporation s fiscal year end is December 31

2012 The following #8734


Seminoles Corporation's fiscal year-end is December 31, 2012. The following is a partial
adjusted trial balance as of December 31.Accounts .....................................Debit
........................CreditRetained Earnings ..........................................................$20,000Dividends
....................................$ 2,000Service Revenue
.............................................................40,000Interest Revenue
...............................................................5,000Salaries Expense ............................14,000Rent
Expense .................................5,000Advertising Expense .........................2,000Depreciation
Expense .....................10,000Interest Expense .............................4,000Required:Prepare the
necessary closing entries?View Solution:
Seminoles Corporation s fiscal year end is December 31 2012 The following

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