Preparing Closing Procedures The adjusted trial balance of Parker Corporation, prepared December 31, 2018, contains the following selected accounts.

Adjusted Account Balances				Debit		Credit
Service fees revenue						$92,500
Interest income						2,200
Salaries expense				$41,800
Advertising expense				4,300
Depreciation expense				8,700
Income tax expense				9,900
Retained earnings						42,700

Description 12/31 Service fees revenue 92,500 0 Interest income 2,600 0 Retained earnings 0 95,100 To close the revenue accounts. 12/31 Retained earnings 65,800 0 Salaries expense 0 41,800 Advertising expense 0 4,300 Depreciation expense 0 8,700 Income tax expense 0 9,900 To close the expense accounts. b. Post the closing entries to the appropriate T-accounts and calculate the ending balances for each account. Retained Earnings Salaries Expense Bal. 42,700 Bal. 41,800 0 0 Bal. 0 0 Bal. 0 Service Fees Revenue Advertising Expense Bal. 92,500 Bal. 4,300 0 0 0 Bal. 0 Bal. 0 Interest Income Depreciation Expense Bal. Bal. 8,700 0 0 0 Bal. 0 Bal. 0 0 Income Tax Expense Bal. 9,900 0 Bal. 0 2,200 0 0 0 0 Debit Credit 0