Sflushed trueld 50973718 Accounting 2301 Fall 2018 Homework: Chapter 4 homework Score: 0 of 4 pts TI4-3 (book/static) 4 0f412 complete) Bonson Auto Repair had the olowing account balances ates adjustments. Assume al accounts had normal balances EEB (Cick the ioon to view the account balances) 14. Pepaethe doseg entries Benson at December 31, 15. What is the balance of Retained Eamingn after closing entries have been necorded? (Use a T-account to determine the balance ) 14. Propare the closing entis for Benson at December 31. (Recoed debits first, then credits Select the explanation on the last ine of the joumal enary table) First we wil close the Service Revenue account Debit edi Data Table Accounts and Explanation Clos (1) S 4 000 Common Sad 20 000 Accounts Receivable Prepaid Ren Office Supplies Equipment 3.200 Retained Earningn Juary f 100 ividends 1.000 Service Revenue 4 800 1,600 Salaries Expense 6400 Rent Expense 1 600 300 800 Accounts Payable Notes Payable pong-len Uslitien Expense 600 Supplias Expense Pim Done hoose trom any list or enter any number in the ingui teids and then cicx check