Gibson prepared, but did not yet post, additional adjusting journal entries (AJEs) for $4,500 of depreciation and $26,200 of income taxes incurred but not yet paid.

Required:

1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2018 taking the additional adjusting journal entries into account. Solve for the "?" in Retained Earnings.

E4-1 Posting AJEs and Preparing an Adjusted Trial Balance (LO 4-3] Gibson Company's adjusted balances at December 31, 2018 (listed alphabetically) were: Accounts Payable 95,170 Accumulated Depreciation | 19,600 Common Stock 239,000 Depreciation Expense 01 Income Tax Expense 0 1 Interest Expense 14,900 Notes Payable (long-term) | 190,000 Prepaid Rent 7,200 Retained Earnings ? Service Revenue | 2,534,200 Supplies Expense 30,740 Accounts Receivable 222,400 Cash 164,000 Deferred Revenue 26,500 Equipment 330,540 | Income Tax Payable 13,230 Land 65,000 Office Expenses 624,750 Rent Expense 133,480 Salaries and Wages Expense 1,740,000 Supplies 13,700 Utilities Expense 24,780 Answer is not complete. GIBSON COMPANY Adjusted Trial Balance Credit Debit $ 164,000 222,400 7,200 330,540 65,000 OX 95,170 0 190,000 Account Titles Cash Accounts Receivable Common Stock Prepaid Rent Equipment Land Depreciation Expense Accounts Payable Income Tax Expense Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Expense Office Expenses Income Tax Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Salaries and Wages Expense 2,534,200 14,900 624.750 0 133,480 ox 30,740 24,780 1,740,000 Totals $ 3,357,790 $ 2,819,370