1. A company had service revenue of $266,000, rent expense of $11,600, utility expense of $5,100, salary expense of $20,100, depreciation expense of $10,600, advertising expense of $4,660, dividends in the amount of $19,600, and a beginning balance in retained earnings of $19,500. What is the balance in the income summary account before it is closed for the period?

2. A company had service revenue of $266,000, rent expense of $11,600, utility expense of $5,100, salary expense of $20,100, depreciation expense of $10,600, advertising expense of $4,660, dividends in the amount of $19,600, and a beginning balance in retained earnings of $19,500. What is the balance in the income summary account before it is closed for the period?

3. On January 1, Acme College received $1,440,000 in Unearned Tuition Revenue from its students for the spring semester, which spans four months beginning on January 2. What amount of tuition revenue should the college recognize on January 31?