ACG 2021-92- Murphy (575) Homework: Homework CH4 Score: 2.5 of 10 pts 3 of 7 (3 complete) S4-11 (similar to) The following balances appear on the books of Harvey Tilman Enterprises: Retained Earnings, $21,400; Dividends, 89,400; Income Sum Expense, $2,500. All accounts have normal balances. Read the requirements Advertising Expense Adj. Bal. 2,500 Requirement 2. Post the closing entries to the accounts, denoting posted amounts as Clos. Start by closing revenues. Retained Earnings Service Revenue 21,400 Adj. Bal. 24,000 Adj. Bal Clos. 24,000 Dividends Adj. Bal. Salaries Expense 6,500 9,400 Adj. Bal. Income Summary Rent Expense Clos. Adj. Bal 3,300 Choose from any list or enter any number in the input fields and then click Check Answer. 2,500 i Requirements 2 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adj. Bal.) at December 31. 2. Post the closing entries to the accounts, denoting posted amounts as Clos. 3. Compute the ending balance of Retained Earnings. Sall Print Done Rent Expense 3,300