1. The adjusted trial balance shown below is for Rich Company at the end of its fiscal year:

RICH COMPANY

Trial Balance

March 31, 2014

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Debit Credit

Cash ........................................................................................................ $ 12,900

Accounts Receivable ..............................................................................9,400

Supplies ..................................................................................................700

Prepaid Insurance ................................................................................... 2,500

Equipment .............................................................................................. 16,000

Accumulated DepreciationEquipment ............................................... $4,800

Accounts Payable ................................................................................... 5,800

Salaries and Wages Payable .................................................................. 1,100

Unearned Rent Revenue ......................................................................... 600

Common Stock........................................................................................................ 15,000

Retained Earnings .................................................................................. 5,600

Service Revenue ................................................................................................................. 34,600

Rent Revenue ................................................................................................................. 14,400

Salaries and Wages Expense .................................................................. 18,100

Supplies Expense ................................................................................... 1,800

Rent Expense .......................................................................................... 12,000

Insurance Expense .................................................................................. 1,500

Depreciation Expense............................................................................. 1,200

Dividends................................................................................................ 5,800

$81,900 $81,900

Instructions:

1. Construct the closing journal entries only for the temporary accounts at 3/31;

1. The NEW value of Retained Earnings is:____________________