Verify all ending balances for each specific account after closing entries are journalized and posted....
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Accounting
Verify all ending balances for each specific account after closing entries are journalized and posted. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts!
| Retained Earnings | |||
| Dec. 31 | 18,100 | 44,900 | Adj. Bal. |
| 8,100 | Dec. 31 | ||
| Bal. | Bal. | ||
| Income Summary | |||
| Dec. 31 | 9,800 | 15,300 | Dec. 31 |
| 5,500 | Bal. | ||
| Dec. 31 | 5,500 | ||
| Bal. | Bal. | ||
| Prepaid Rent | |||
| Dec. 31 | 14,100 | ||
| Bal. | Bal. | ||
| Service Revenue | |||
| Dec. 31 | 14,300 | 14,300 | Adj. Bal. |
| Bal. | Bal. | ||
| Common Stock | |||
| 55,000 | Dec. 31 | ||
| Bal. | Bal. | ||
| Interest Expense | |||
| Adj. Bal. | 400 | 400 | Dec. 31 |
| Bal. | Bal. | ||
| Dividends | |||
| Adj. Bal. | 3,000 | 3,000 | Dec. 31 |
| Bal. | Bal. | ||
| Unearned Revenue | |||
| 1,600 | Dec. 31 | ||
| Bal. | Bal. | ||
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