True or False

The trial balance, after adjusting entries, reflects $7,750 cash, $6,375 Accounts Receivable, $11,250 Office Equipment, $3,750 Dividends, $8,000 Salaries Expense, $1,625 Advertising Expense, $2,125 Depreciation, $3,000 Accumulated Depreciation, $3,875 Accounts payable, $11,250 Capital Stock, $0 Retained Earnings, $22,750 Fees Earned. Income Summary, before it is closed, will have a balance of $7,250.