K The following balances appear on the books of Cedrick Owens Enterprises: Owens, Capital, $27,500; Owens, Withdrawals, $8,200; Income Summary, $0; Service Revenue, $23,500; Salaries Expense, $7,500; Rent Expense, $3,000; and Advertising Expense, $2,500. All accounts have normal balances. Read the requirements. Requirement 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adj. Bal.) at December 31. Service Revenue Owens, Capital Owens, Withdrawals Income Summary Salaries Expense Rent Expense Advertising Expense

Salaries Eppente, \$7, \$00, Rent Expense, \$3,000; and Adverting Expense, \$2,500. Al accounts have normal balances Read the recuitements