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165420 Dec 31 Service Revenue Rent Revenue 5580 171000 Income Summary (To close revenue account) Dec. 31 Income Summary 98370 Rent Expense 3240 Supplies Expense

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165420 Dec 31 Service Revenue Rent Revenue 5580 171000 Income Summary (To close revenue account) Dec. 31 Income Summary 98370 Rent Expense 3240 Supplies Expense 1260 Salaries and Wages Expense 81990 Depredation Expense 11880 (To close expense accounts) Dec. 31 Income Summary 72630 72630 Retained Eamings (To close net income to retained earnings) Dec. 31 Retained Eamings 23670 Dividends 23670 (b) Determine the post-dosing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.). Retained Earnings Level Submission) Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Indigo Corporation is provided below. Debit Credit Accounts Receivable $65,340 Dividends 23,670 Depreciation Expense 11,880 Equipment 191,520 Salaries and Wages Expense 81,990 Accounts Payable $47,700 Accumulated Depreciation--Equipment 103,320 Uneamed Rent Ravenue 20,610 Service Revenue 165,420 Rent Revenue 5,580 Rent Expense 3,240 Retained Earnings 55,620 Supplies Expense 1,260

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