The ledger of Flint Company contains the following balances: Retained Earnings $28.500, Dividends $2,500, Service Revenu

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The Ledger Of Flint Company Contains The Following Balances Retained Earnings 28 500 Dividends 2 500 Service Revenu 1 (54.54 KiB) Viewed 6 times

The ledger of Flint Company contains the following balances: Retained Earnings $28.500, Dividends $2,500, Service Revenue $51,000, Salaries and Wages Expense $25,500, and Supplies Expense $7,500. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in T-accounts, and post the closing entries. Salaries and Wages Expense Supplies Expense Service Revenue Dividends Income Summary Retained Earnings