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Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $21,400; Dividends $3,700; Services Revenue $41,500; Salaries Expense
Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $21,400; Dividends $3,700; Services Revenue $41,500; Salaries Expense $28,400; Rent Expense $6,400; and Income Summary $0. (1) Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0. Retained Earnings Dividends Adjusted Balance 21.400 Adjusted Balance 3,700 Ending Balance Ending Balance Income Summary Services Revenue Adjusted Balance 0 Adjusted Balance Ending Balance Ending Balance Salaries Expense Rent Expense Adjusted Balance Adjusted Balance Ending Balance Ending Balance
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