Activity 4.a - Updating accounts for the next accounting cycle 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 16,500 49,100 Adj.Bal. Dec. 31 5,400 5,100 Dec. 31 Dec. 31 12,500 Cash 19,100 Dec. 31 13,700 Bal. 16500 Bal. Dec. 31 13,700 Common Stock Service Revenue Dec. 31 14,600 14,600 Adj. Bal. Supplies Expense 38,500 Dec. 31 Adj. Bal. 600 Dividends Adj. Bal. 9,000 9,000 Dec. 31 CHECK ANSWER RESET 600 Dec. 31 Accounts Payable 2,200 Dec. 31 Incorrect. Try reviewing the Hint to better understand the goal of this activity.