accounting 2,2

Dec. 31: Debit: Sales Revenue $1,359,000

  Credit: Income Summary  $1.359.000

Dec. 31: Debit: Income Summary $447,845  

   Credit: Wage Expense  $335,000

   Credit: Rent Expense  $95.000

   Credit: Supplies Expense  $11.045

   Credit: Miscellaneous Expense $6,800

Dec. 31: Debit: Income Summary $911,155

  Credit: Retained Earnings  $911,155

Dec. 31: Debit: Retained Earnings  $20,000

  Credit: Dividends  $20,000