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Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $18,000; Dividends $2,000; Services Revenue $33,000; Salaries Expense $25,000;
Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $18,000; Dividends $2,000; Services Revenue $33,000; Salaries Expense $25,000; Rent Expense $3,000; 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
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