1. The following account balances were taken from an adjusted trial balance:

Revenues	$25,400
Operating Expenses	16,000
Dividends	5,500
Retained Earnings	18,000

What is the Retained Earnings account balance that will be included on the post-closing trial balance? (Show all calculations!) ( 5 points)

2. On January 1, Year 1, Marino Moving Company paid $31,000 cash to purchase a truck. The truck was expected to have a four year useful life and an $7,800 salvage value. If Marino uses the straight-line method, the journal entry required to recognize depreciation expense at the end of Year 1 is: (5 points)

3. On August 1, Year 1 Thomas Company borrowed $68,000 cash. The one-year note carried a 5% rate of interest. Which of the following shows the journal entry necessary on December 31 to recognize accrued interest? ( 5 points)