Question 21 Cornell Products, love December 2015 12 22 500 7.750 22.500 Cash Accounts Receivable once Equipment Accumulated Depreciation Accounts Payable Capital stock Retained Earnings Dividends Service Fees Earned Salaries Expense Advertising Expense 45.500 16.000 3.250 16.000 Expense Advertising Expense Depreciation Expense 3.250 4.250 $ 81.750 $ 81.750 After closing the accounts, Retained Earnings at December 31 equals: $22.000 $22,500. $14,500 Zero