Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 605

Financial Statements

Journal Voucher 0008 – Closing Entry 3

(Assume that the dividends paid for the year were $500.00.)

18.6.1 Closing Entries Examples (cont’d)

Chapter 18

Student Guide

ABC Company

Journal Voucher

NO:0008

Office: __________________________ Month: _________________ Year: ___________

Ref.

No. Description

General

Ledger

Account

Debit Credit

JE8 Retained Earnings

Dividends

To close the Dividends account for

accounting period ending October 31, 20YY.

Supporting documentation is attached.

310

320

500.00

500.00

Column Totals 500.00 500.00

Prepared by: __________________________________ Date: ______________

Authorized by: _________________________________ Date: ______________

October 20YY

Anita Job

ABC Owner

10/31/20YY

10/31/20YY

1234 Office