BOOK Print Wied out of 100 Hann Prepare Closing Entries to retained Earnings The Decade Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $8,500: Dividends 52,000: Sales $22.000: Cost of Goods Sold 58.000, Seling and Administrative Expenses $3,000; Interest Expense S1,500. Prepare the dosing entles for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of $5.500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries? General Journal Description Debit . Credit o To date the rest . Cost of Selling and see 0 0 0 ooo 0 To do these account o . o To cose the vidends account The balance of $8.500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries? 50 Check