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question closing entries at the end of the year the adjusted trial balance for devon 4280675

Question

Closing Entries At the end of the year, the adjusted trial balance for Devonshire Corporation contains the following amounts for the income statement accounts. (The balance in each account is the normal balance for that type of account.) Account Advertising Fees Earned Interest Renenue Wage and Salary Expense Utilities Expense Insurance Expense Depreciation Expense Interest Expense Income Tax Expense Dividends Required: Balance $58,550 2,650 14,290 12,660 7,130 16,120 2,430 3,260 1,810 For compound entries, if an amount box does not require an entry, leave it blank

 

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