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Given the following adjusted trial balance: Debit Credit Cash $1230 Accounts receivable 1553 Inventory 2312 Prepaid rent 64 Equipment 220 Accumulated depreciation equipment $38 Accounts

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Given the following adjusted trial balance: Debit Credit Cash $1230 Accounts receivable 1553 Inventory 2312 Prepaid rent 64 Equipment 220 Accumulated depreciation equipment $38 Accounts payable Unearned service revenue Common stock 156 Retained earnings 4890 Service revenue 272 Interest revenue Salaries and wages expense 120 Travel expense 49 Total $5548 $5548 Salaries and wages expense 120 Travel expense 49 Total $5548 $5548 After closing entries have been posted, the balance in retained earnings will be: $5034. O $5206. $4762. $4838

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