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(b) Your answer is partially correct. Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous
(b) Your answer is partially correct. Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Dec. 31 Dec. 31 eTextbook and Media List of Accounts Save for Later 22620 Jan. 1 53150 Dec. 31 v 69400 Bal. MacBook Pis Attempts: 1 of 3 used Submit Answer Your Answer Correct Answer (Used) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Rent Revenue Service Revenue Income Summary (To close revenue account) Dec. 31 Income Summary Salaries and Wages Expense Supplies Expense Rent Expense Depreciation Expense (To close expense accounts) Dec. 31 Income Summary MacBook Pro Debit 5,330 158,070 Credit 163,400 94,000 78.350 69.400 1,200 3.100 11,350 stion 7 of 8
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