Debit Credit Cash $781 Accounts receivable 1,049 Inventory 1,562 Prepaid rent 43 Property, plant & equipment 150
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| Debit | Credit | ||
| Cash | $781 | ||
| Accounts receivable | 1,049 | ||
| Inventory | 1,562 | ||
| Prepaid rent | 43 | ||
| Property, plant & equipment | 150 | ||
| Accumulated depreciation | 26 | ||
| Accounts payable | 41 | ||
| Unearned revenue | 61 | ||
| Common stock | 103 | ||
| Retained earnings | 3,305 | ||
| Service revenue | 134 | ||
| Interest revenue | 28 | ||
| Salary expense | 80 | ||
| Travel expense | 33 | _____ | |
| Total | $3,698 | $3,698 |
After closing entries have been posted, the balance in retained earnings will be
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