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please I need help with the whole table showing because i keep getting the wrong answers. Thank you. Enter the following December 31 normal balances
please I need help with the whole table showing because i keep getting the wrong answers. Thank you.
Enter the following December 31 normal balances in the first row of T-accounts below Retained Earnings $20,000; Dividends $3.000; Services Revenue $38,000, Salaries Expense $27,000; Rent Expense $5,000; and Income Summary $0. () Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0. Retained Earnings Adjusted Balance Dividends Adjusted Balance 3,000 20,000 d 3,000 20,000 Ending Balance 20,000 $ Ending Balance 3,000 $ Income Summary Adjusted Balance Services Revenue Adjusted Balance 0 3,800 3,800 X X X Ending Balance 0 Ending Balance 3,800 Adjusted Balance Salaries Expense 27,000 Rent Expense Adjusted Balance 5,000 27.000 5,000 Ending Balance 27,000 Ending Balance 5,000 Step by Step Solution
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