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Debit Credit Cash $ 13,000 Short-term Investments 16,700 Accounts Receivable 84.400 Inventory 103,600 Store Fixtures 30,000 Accumulated Depreciation Store Fixtures $ 8,000 Notes Payable 20,000

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Debit Credit Cash $ 13,000 Short-term Investments 16,700 Accounts Receivable 84.400 Inventory 103,600 Store Fixtures 30,000 Accumulated Depreciation Store Fixtures $ 8,000 Notes Payable 20,000 Accounts Payable 8,000 Uneamed Sales Revenue 10,000 Common Stock 40,000 Retained Earnings 210,000 Dividends 25,000 Sales Revenue 209,7004 Rent Revenue 3,600 Cost of Goods Sold 192,800 Depreciation Expense 24,000 Rent Expense 16,000 Interest Expense 3.800 $500,300 $509,300 Instructions (Complete all work on accompanying paper and show all computations): Prepare the closing entes required for the year ended December 31, 2021, in proper form (including date). (9) b Create the Retained Eamings T account, starting with the existing balance. Post the closing entries and show the balance (4) On Newt's post.closing trial balance, what would be the total of the credit column. There is no need to show calculations (2)

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