% S4-11 (similar to) A Question Hel The following balances appear on the books of Sarah Simon Enterprises: Retained Earnings, $28,700; Dividends, $7,500; Income Summary, $O; Service Revenue, $22,200, Salaries Expense, $7,500; Rent Expense $3,500; and Advertising Expense, $2,100. All aco have normal balances. Read the requirements. Requirement 2. Post the closing entries to the accounts, denoting posted amounts as Clos. Start by closing revenues. Retained Earnings 28,700 Adj. Bal. Service Revenue 22,200 Adj. Bal. 0 Requirements Dividends 7,500 Salaries Expense 7,500 Adj. Bal. Adj. Bal. 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. Income Summary Rent Expense 3,500 Adj. Bal. Print Done Advertising Expense 2,100 Adj. Bal. Choose from any list or enter any number in the input fields and then click Check Answer. A parts 4 remaining Clear All Check