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Question 16 Not complete Marked out of 4.00 Flag question Closing Entries The adjusted trial balance prepared as of December 31 contains the following

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Question 16 Not complete Marked out of 4.00 Flag question Closing Entries The adjusted trial balance prepared as of December 31 contains the following accounts. Use the information provided below to prepare journal entries to close the accounts using the Income Summary account. After these entries are posted, what is the balance in the Retained Earnings account? Debit Credit Service Fees Earned $91,000 Rent Expense $20,800 Salaries Expense 52,000 Supplies Expense 6,000 Depreciation Expense $11,300 Retained Earnings Dividends $72,000 $10,000

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