Question 4

The following is the adjusted trial balance as of December 31, 2019 of HALA Photography:

HALA Photography

Adjusted Trial Balance

December 31, 2019

Account	Debit	Credit
Cash	$3,400
Accounts Receivable	17,000
Supplies	200
Equipment	15,000
Accumulated DepreciationEquipment		$4,000
Accounts Payable		2,400
Salaries Payable		1,600
Unearned Revenue		1,200
Common Stock		6,800
Dividends	4,600
Service Revenue		80,000
Salaries Expense	48,000
Supplies Expense	4,600
Depreciation ExpenseEquipment	3,200	______
Total	$96,000	$96,000

Requirements:

B. Compute the ending balance of Retained Earnings (after closing the entries)

C. Prepare post closing trial balance at December 31, 2019