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QS 3 - 2 1 ( Algo ) Preparing closing entries in T - accounts LO P 6 Enter the following December 3 1 normal

QS 3-21(Algo) Preparing closing entries in T-accounts LO P6
Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $20,800; Dividends $3,400; Services Revenue $40,000; Salaries Expense $27,800; Rent Expense $5,800; and Income Summary $0.(1) 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.
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