need help with the post-closing balance in retained earnings please!
Question 3 Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Blue Spruce Corp. is provided below. Debit Credit Accounts Receivable $62,440 Dividends 22,620 Depreciation Expense 11,350 Equipment 183,010 Salaries and Wages Expense 78,350 Accounts Payable $45,580 Accumulated Depreciation-Equipment 98,730 Unearned Rent Revenue 19,690 Service Revenue 158,070 Rent Revenue 5,330 Rent Expense 3.100 Retained Earnings 53,150 Supplies Expense 1,200 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry le requiredt, select account titles and enter for the amounts) Date Account Titles and Explanation Credit Debit 5330 Dec. 31 Rent Revenue Service Revenue 158070 16400 Date Account Titles and Explanation Debit Credit Dec. 31 Rent Revenue 5330 Service Revenue 158070 163400 Income Summary To done revenue sunt) Dec. 31 Income Summary 94000 Rent Expense 3100 Supplies Expense 1200 Salaries and Wages Expense 76350 11350 69400 Deprecation Expense (To dove expense account) Dec. 31 Income Summary Retained Earnings (lo de net income to ruined eaming) Dec. 31 Retained Earnings 69400 22620 22620 Dividends (Todose dividends to retained comings) Determine the post-closing balance in Retained Earnings (Post entries in the order of journal entries presented in the previous part) 1200 CALCULATOR Salaries and Wages Expense 78350 Depreciation Expense (To dote expense counts) 11350 Dec. 31 Income Summary 69400 69400 Retained Earnings (To close net income to retained earnings) Dec. 31 Retained Earnings 22620 Dividends (Todose dividends to retained earnings) 22620 Determine the post-closing balance in Retained Eamings. (Post entries in the order of Journal entries presented in the previous part.) Retained Earnings . Click if you would like to show Work for this questioni Open Show Work