Acc205 Principles of Accounting: E4-21 The accountant for Klein Photography has

Acc205 Principles of Accounting

E4-21 Identifying and journalizing closing entries [10-15 min]
The accountant for Klein Photography has posted adjusting entries (a)–(e) to the following selected accounts at December 31, 2012.

Requirements
1. Journalize Klein Photography’s closing entries at December 31, 2012.
2. Determine Klein Photography’s ending Retained earnings balance at December 31, 2012.
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