Date Account Titles and Explanation Debit Credit Dec 31 Service Revenue 147040 Rent Revenue 4960 Income Summary 152000 (To close revenue account) Dec. 31 Income Summary 87440 Rent Expense 2880 Supplies Expense 1120 Salaries and Wages Expense 72880 Depreciation Expense 10560 (To close expense accounts) Dec. 31 Income Summary 64560 Retained Earnings 64560 (To close net income to retained earnings) Dec 31 Retained Earnings 21040 Dividends 21040 Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings v V