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Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Credit Debit $79,860 28,930 14,520
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Credit Debit $79,860 28,930 14,520 234,080 100,210 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $58,300 126,280 25,190 202,180 6,820 3,960 67,980 1,540 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 202,180 Rent Revenue 6,820 Income Summary 209,000 (To close revenue account) Dec. 31 Income Summary 120,230 Depreciation Expense 14,520 Salaries and Wages Expense 100,210 Rent Expense 3,960 Supplies Expense 1,540 (To close expense accounts) Dec. 31 Income Summary 88,770 Retained Earnings 88,770 (To close net income to retained earnings) Dec. 31 Retained Earnings 28,930 Dividends 28,930 Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Retained Earnings Dec. 31 A
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