The t-accounts contain the dec postings to thegeneral

Question

The following T-Accounts contain the Dec postings to the general ledger of Swoops, Inc.

The Dec 1 postings are beginning balances, while the Dec 31 postings are closing entries.

Recreate the closing entries made by Swoops on Dec 31

 

Service Revenue					Interest Expense
31-Dec	75,000	1-Dec	64,000		31-Dec	1,500	31-Dec	1,800
		8-Dec	4,000		24-Dec	300
		24-Dec	3,000
		31-Dec	4,000
Salaries Expense					Retained Earnings
1-Dec	15,000	31-Dec	17,000		31-Dec	2,500	1-Dec	51,550
15-Dec	1,000				31-Dec	26,100	31-Dec	75,000
31-Dec	1,000
Supplies Expense					Dividends
1-Dec	1,800	31-Dec	2,500		1-Dec	2,000	31-Dec	2,500
30-Dec	700				15-Dec	500
Depreciation Expense					Depreciation Expense
1-Dec	4,400	31-Dec	4,800		1-Dec	4,400	31-Dec	4,800
30-Dec	400				30-Dec	400