SE3-9.stat eBook Print Quo 8 Natcomplete Marked out of 200 question Prepare Closing Entries to retained Earnings The Decade Company's adjusted trial balance contains the following balances as of December 31: Retained Earrings $8.500; Dividends $2,000; Sales 522,000, Cost of Goods Sold 58.000Selling and Administrative Expenses $3.000, Interest Expense $1.500 Prepare the closing entries for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of $8,500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries? Chapter 3 Pacerse my business course.com AROS Busnes Cound urn to COUTS 33 My Subscriptions SE3-9.stat ebook Print Quesnon 8 Maut 23.00 Preston Support Prepare Closing Entries to retained Earnings The Decade Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $8.500 Dividends $2,000; Sales $22.000: Cost of Goods Sold 58.000,Selling and Administrative Expenses $3.000; Interest Expense $1,500 Prepare the closing entries for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of 58,500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries? General Journal Description Credit - To close the revenue account Cost of goods sold Selling and administrative expense . To close the expense accounts. . To close the dividends account The balance of $8,500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries