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I need help in solving this problem as well as getting a better understanding of it, thank you. Selected year-end account balances from the adjusted
I need help in solving this problem as well as getting a better understanding of it, thank you.
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Swifty Corporation is provided below. Credit Accounts Receivable Dividends Debit $53,720 19,460 9,770 157,470 67,410 Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue Rent Revenue $39,220 84,950 16,950 136,010 4,590 Rent Expense 2,660 Retained Earnings 45,730 Supplies Expense 1,040 Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings XUECStep by Step Solution
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