(Solved by Expert Tutors) I need to do this exerciseSeduction Interiors CaseSeduction Interiors ha

closing entries are performed:?Retained Earnings $5,000?Fees Earned $25,000?Salaries expense $17,000?Operating expenses $12,000?Dividends distributed $7,000The company's bookkeeper prepares the closing entries and becomes concerned. Prepare the closing entries for the company.What caused the bookkeeper concern?Should the company had paid dividends during the year?What can the shareholders do?

 

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