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Based on the adjusted trial balance below, what is the amount of retained earnings that should be reported on the post-closing trial balance after closing
Based on the adjusted trial balance below, what is the amount of retained earnings that should be reported on the post-closing trial balance after closing entries are posted? (HINT: Prepare closing entries. Then, draw a T-account for retained earnings to calculate its ending balance.) When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Adjusted Trial Balance. Green Neighbors Adjusted Trial Balance May 31, 20XX Accounts Debit Credit Cash $8,700.00 Accounts Receivable $4,400.00 Supplies $200.00 Prepaid Insurance $2,400.00 Equipment $15,000.00 Accumulated Depreciation. Accounts Payable Unearned Revenue Salaries and Wages Payable $250.00 $14.000.00 $400.00 $2.100.00 Common Stock $10.000.00 Service Revenue $7,700.00 Salaries and Wages Expense $2,100.00 Insurance Expense $600.00 Supplies Expense $800.00 Depreciation Expense $250,00 Total $34.450.00 $34,450
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