Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 9,100 112 Accounts Receivable 10,700 130 Prepaid Insurance 2,800 157 Equipment 23,800 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,200 212 Salaries and Wages Payable 2,500 311 Common Stock 19,500 320 Retained Earnings 7,700 332 Dividends 19,200 400 Service Revenue 59,700 622 Maintenance and Repairs Expense 1,400 711 Depreciation Expense 2,900 722 Insurance Expense 1,800 726 Salaries and Wages Expense 29,900 726 Salaries and Wages Expense 29,900 732 Utilities Expense 1,500 Totals 37,500 59,700 65,600 43,400 Net Income 22,200 22,200 Totals 59,700 59,700 65,600 65,600 Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings No. 320 12/31 Bal. 12/31 1/1 Bal. Dividends No. 332 Income Summary No. 350 Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Insurance Expense No. 722 Salaries and Wages Expense No. 726 Utilities Expense No. 732