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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

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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 balance side and enter balances for permanent accounts! Retained Earnings Income Summary Dec. 31 15,900 32,900 Adj. Bal. Dec. 31 9,900 9,000 Dec. 31 Furniture Dec. 31 13,600 Common Stock Dividends Adj. Bal. 6,000 16,600 Dec. 31 6,700 Bal. Dec. 31 6,700 Service Revenue Dec. 31 12,700 12,700 Adj. Bal. Interest Expense 42,300 Dec. 31 Adj. Bal. 900 6,000 Dec. 31 900 Dec. 31 Accounts Payable 2,100 Dec. 31

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