Rhodes Company reported a balance At April 1, 2011, Rhodes Company reported a balance of $22,000 in the Retained Earnings account. Rhodes Company earned revenues of $50,000 and incurred expenses of $32,000 during April 2011. The company paid dividends of $10,000 during the month. (a) Prepare the entries to close Income Summary and the Dividends acccount at April 30, 2011. (b) What is the balance in Retained Earningson the April 30, 2011 post-closing trial balance? Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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