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Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $18,800; K. Korver, Withdrawals $2,400; Services Revenue $35,000;
Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $18,800; K. Korver, Withdrawals $2,400; Services Revenue $35,000; Salaries Expense $25,800; and Rent Expense $3,800. (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. K. Korver, Capital Adjusted Balance K. Korver, Withdrawals Adjusted Balance Ending Balance Ending Balance Income Summary Adjusted Balance Services Revenue Adjusted Balance 0 Ending Balance Ending Balance Salaries Expense Adjusted Balance Rent Expense Adjusted Balance Ending Balance Ending Balance
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