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Tha followng balances appear on the books of Cednick Owans Enterpnisss Retained Eaning, $24,800; Dvidands, $5,700; Income Summary, $0; Service Revenue, $19,000: Salanes Expensa, $6,000;
Tha followng balances appear on the books of Cednick Owans Enterpnisss Retained Eaning, $24,800; Dvidands, $5,700; Income Summary, $0; Service Revenue, $19,000: Salanes Expensa, $6,000; Rent Expanse $3,200; and Advertsing Expanse, $2,600. All accounts have normal balances Reed the reouirements Requirement 1.The T-sccounts have been set up for you. Insert esch account's adjusted balance as given (denote as Ad Bal) at December 31 Retained Earnings Servioe Revenuc Requirements Salaries Expense 1. The T-accourts have baan at up for you Insert each accounts adjuz:ed balance as given (denote as Adj. Bal) at December 31 2. Post the clasing entries to the sccounts, denoting posted amounts s Clos 3. Comout the arong balance of Retained Earnings. Rent Expense Print Done
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