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Selected adjusted balances of the Rose Corporation, prepared as of December 31, are as follows: Account type 1,100 Temporary Account Service fees earned Balance $46,250
Selected adjusted balances of the Rose Corporation, prepared as of December 31, are as follows: Account type 1,100 Temporary Account Service fees earned Balance $46,250 Temporary Interest income Salaries expense Advertising expense Depreciation expense 20,900 Temporary 2,150 Temporary 4,350 Temporary 4,950 Temporary Income tax expense Common stock 3,750 Permanent Retained earnings, beg. balance Cash dividends 28,850 Permanent 7,500 Temporary 411 4 433 4 4 Once the closing process Identify the temporary accounts that will be closed to Retained Earnings. is completed, what is the ending balance in the Retained Earnings account? $ 150 x
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