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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
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 20,700 36,700 Adj. Bal. Dec. 31 7,300 18,600 Dec. 31 7,900 Dec. 31 11,300 Bal. Dec. 31 11,300 Prepaid Rent Service Revenue Dec. 31 19,000 Dec. 31 16,100 16,100 Adj. Bal. Common Stock Supplies Expense 61,200 Dec. 31 Adj. Bal. 200 200 Dec. 31 Dividends Accounts Payable Adj. Bal. 7,500 7,500 Dec. 31 4,300 Dec. 31
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