Requirements 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adj. Bal.) at December 31. 2. Post the closing entries to the accounts, denoting posted amounts as Clos. 3. Compute the ending balance of Retained Earnings. The following balarces appear on the bocks of Sarah Siminons Enterprises Retained Earnings, \$29,000. Dividends, \$10,500, Inoome Summary, s0, Service Revenue, \$24, 500, Salaries Expense, \$6,200. Rent Expense \$3,500, and Advertaung Expense, \$2,000. Al accounts have normal balances. Read the toourrmanis Requirement 1. The Tacoounts have been set up for you insert each accounfts adjptlod balance as ghen (denote as Ad. Bal) at Docember 31 Retained Earnings Service Revenue Dividends Salaries Expense Income Summary Rent Expense Advertising Expense