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Benson Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances. II: (Click the icon to view the account balances.)

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Benson Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances. II: (Click the icon to view the account balances.) 14. Data Table closing entries for Benson at December 31. 15. Whatis the balance of Retained Earnings after closing entries have been recorded? (Use a T-account to determine the balance.) 14. Prepare the closing entries for Benson at December 31. (Record debits first, then credits. Select the explanation on the last line of the journ First we will close the Service Revenue account. Next we will close the expense accounts. Data table Next we will close the expense accounts. Finally close the Dividends account. 15. What is the balance of Retained Earnings after closing entries have been tocorded? (Use a T-accour to determine the balance.) Use "Clos." and the corresponding number as shown in the journal entry as posting references-"Clos. (1)." "Clos. (2) ", etc. The adfusted balance of this acoount has been ertered for you. Post any closing entries to this apcount and then calculate the post-closing balance ("Bal.") of the account

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