Instructions Ahor alt revonue and expense accounts have been closed at the end of the final year. Inome, Summary has a debit of $756,400 and a trodit of $206,200. At the same dato, Retained Eamings has a credit balance of $1,435,000, and Dividendo has a balance of $40,000. Required: A Jourmalize the entries required to complete the closing or the accounts on December 31, Peter to the Chart of Accounts for exact wording or CUOurnt tilen. 8. Denomine the amount of Retained Earnings at the end of the period. Chart of Accounts ASSETS REVENUE 41 Fees Earned 42 Rent Revenue 11 Cash 12 Accounts Recevable 13 Prepaid Insurance 14 Supplies 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation Equipment EXPENSES 51 Salaries and Wages Expense 52 Advertising Expense 53 Utilities Expense 54 Depreciation Expense-Building 55 Travel Expense 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries and Wages Payable 23 Unearned Rent EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Joumal A. Journalize the entries required to complete the closing of the accounts on December 31. Mefer to the Chart of Accounts for exact wording of account sitter PAGE 11 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTER DEMT car ASSETS LIABILITIES TOUTY 1 Closing Entries Dec. 31 Final Question X B. Determine the amount of Retained Earnings at the end of the period. $