Given the following adjusted trial balance: Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Debit $1795 2266 3374 93 320 170 71 Credit $56 89 132 215 7140 397 60

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the following adjusted trial balance:
Cash
Accounts receivable
Inventory
Prepaid rent
Equipment
Accumulated depreciation-equipment
Accounts payable
Unearned service revenue
Common stock
Retained earnings
Service revenue
Interest revenue
Salaries and wages expense
Travel expense
Debit
$1795
2266
3374
93
320
170
71
Credit
$56
89
132
215
7140
397
60
Transcribed Image Text:Given the following adjusted trial balance: Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Debit $1795 2266 3374 93 320 170 71 Credit $56 89 132 215 7140 397 60
Common stock
Retained earnings
Service revenue
Interest revenue
Salaries and wages expense
Travel expense
Total
170
$7528.
$7160.
$7356.
$6959.
71
$8089
215
7140
397
60
$8089
After closing entries have been posted, the balance in retained earnings will be:
Transcribed Image Text:Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 170 $7528. $7160. $7356. $6959. 71 $8089 215 7140 397 60 $8089 After closing entries have been posted, the balance in retained earnings will be:
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