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. normal balances. Read the Close Income Summary. \begin{tabular}{|l||l|} \multicolumn{2}{c}{ Retained Earnings } \\ \hline \hline & \\ \hline & 29,000 Adj. Bal. \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Service Revenue } \\ \hline Clos. & 20,600 & 20,600 Adj. Bal. \\ \hline & & 0 Bal. \\ \hline \end{tabular} \begin{tabular}{lr|c} \multicolumn{3}{c}{ Salaries Expense } \\ \hline Adj. Bal. & 7,000 & 7,000 Clos. \\ \hline Bal. & 0 & \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Income Summary } \\ \hline Clos. & 12,500 & 20,600 Clos. \\ \hline & & 8,100 Bal. \\ \hline \end{tabular} \begin{tabular}{lr|r} \multicolumn{2}{c}{ Rent Expense } \\ \hline Adj. Bal. & 3,400 & 3,400 Clos. \\ & & \\ \hline Bal. & 0 \end{tabular} \begin{tabular}{lr|c} \multicolumn{3}{c}{ Advertising Expense } \\ \hline Adj. Bal. & 2,100 & 2,100 Clos. \\ \hline Bal. & 0 \end{tabular}