Selected accounts are presented below. Note that the account details for the year have not been included, only the account balance (dated Dec. 31) after adjustment but before the closing entries have been recorded or posted. Retained Earnings Dividends Declared Dec. 31 10,500 Jan. 1 185,000 Service Revenue Dec. 31 240,000 Dec. 31 396,000 Interest Income Dec. 31 Salaries Expense 9,000 Office Expense Dec. 31 21,500 Depreciation Expense Dec. 31 20,000 Utilities Expense Dec. 31 19,000 Interest Expense Dec. 31 11,250 Income Tax Expense Dec. 31 18,650 End 15) You have been asked to do the closing entries. What will the balance of the "temporary accounts" be after you do? 15)

Selected accounts are presented below. Note that the account details for the year have not been included, only the account balance (dated Dec. 31) after adjustment but before the closing entries have been recorded or posted. 15) You have been asked to do the closing entries. What will the balance of the "temporary accounts" be after you do? 15)