Pearson ACT - Corporations act.pearsoncmg.com/test-out/9 .oo Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Retained Earnings Income Summary Dec. 31 15,300 46,400 Adj. Bal. Dec. 31 8,600 14, 100 Dec. 31 7,500 Dec. 31 5,500 Bal. V Dec. 31 5,500 Prepaid Rent Service Revenue Dec. 31 15,000 Dec. 31 14,700 14,700 Adj. Bal. V V VCommon Stock Interest Expense 58,700 Dec. 31 Adj. Bal. 100 100 Dec. 31 V Dividends Accounts Payable Adj. Bal. 7,800 7,800 Dec. 31 4,900 Dec. 31 V V V