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The following balances appear on the books of Cedrick Owens Enterprises: Retained Earnings, $23,900; Dividends, $8,300; Income Summary, 50; Service Revenue, $23,700; Salaries Expense, $7,400; Rent Expense $3,300; 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. Adj. Bal. Retained Earnings 23900 Adj. Bal. D C Service Revenue C C Dividends Salaries Expense Adj. Bal. Adj. Bal. Adj. Bal. Income Summary Rent Expense Adj. Bal. - C D D Advertising Expense * Requirements - X 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. 2. Post the closing entries to the accounts, denoting posted amounts as Clos. 3. Compute the ending balance of Retained Earnings