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  1. business
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  3. advertising expense, $2,000. all accounts have nor

Advertising Expense, $2,000. All accounts have normal balances. Read the requirements. Requirement 1....

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Accounting

Advertising Expense, $2,000. All accounts have normal balances.
Read the requirements.
Requirement 1. The T-accounts have been set up for you. Insert each account's adjusted balance as given (denote as Adjusted Balance) at December 31.
Retained Earnings
Service Revenue
Dividends
Salaries Expense
Income Summary
Rent Expense
Advertising Expense
Requirements
The T-accounts have been set up for you. Insert each account's adjusted
balance as given (denote as Adjusted Balance) at December 31.
Post the closing entries to the accounts, denoting posted amounts as
Closing.
Compute the ending balance of Retained Earnings.
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