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The following adjusted trial balance contains the accounts and year-end balances of Mimi's Personal Organization Company as of December 31. Accounts receivable Accounts payable $

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The following adjusted trial balance contains the accounts and year-end balances of Mimi's Personal Organization Company as of December 31. Accounts receivable Accounts payable $ 12,000 25,000 Accum. Depreciation Equipment 30,000 Cash 42.000 Depreciation expense 12,000 Insurance expense 7,000 Equipment 125,000 Service revenue 200,000 Notes payable 65,000 Common Stock 10,000 Dividends 18,000 1,500 Prepaid insurance Salaries payable 4,000 97,000 Salary expense 1,500 Supplies Supplies expense Unearned service revenues 9,500 Utilities expense 7,000 Retained Earnings 16,000 500 Mimi's. Input the entries i 1. Prepare the December 31, closing entries for Mimi's. Input the entries in the general journal provided below. There are 4 entries, put in the numbered sections. Reminder: you will be unable to indent the credit, put the appropriate amounts in the appropriate debit or credit column. B D E 1 Date General Journal Debit Credit 2 1 3 4 5 6 7 8 9 2 10 11 12 13 14 15 16 17 18 19 20 3 2. After the closing entries, what is the ending balance in the Retained Earning Account ? $ Show your work for #2

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