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3 Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal
3 Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Retained Earnings Dec. 31 15,200 Income Summary 31,700 Adj. Bal. Dec. 31 9,100 17,500 Dec. 31 6,900 Dec. 31 8,400 Bal. Dec. 31 8,400 Cash Service Revenue Dec. 31 16,000 Dec. 31 14,300 Common Stock Dividends Adj. Bal. 7,300 14,300 Adj. Bal. Supplies Expense 46,000 Dec. 31 Adj. Bal. 100 7,300 Dec. 31 100 Dec. 31 Accounts Payable 6,000 Dec. 31
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