7). Refer to the data below: Great Gun's, Inc. Adjusted Trial Balance December 31 Debit Credit...

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7). Refer to the data below: Great Gun's, Inc. Adjusted Trial Balance December 31 Debit Credit Cash S 16 Accounts Receivable Equipment Accounts Payable Capital Stock Retained Eamings 34 170 S 25 112 34 Dividends 8 Service Revenue 187 Interest Revenue 9. Salaries Expense Depreciation Expense Interest Expense Advertising Expense 94 22 12 11 $367 $367 Instructions: Prepare all necessary closing entries. 8) Arthur Co. had retained earnings of $19,000 at 30 April 2017. During the year up until 30 April 2017, Arthur introduced $9,800 additional capital into the business. Profits were $8,000, of which Arthur withdrew $4,200. Instructions: What was the balance on Arthur's retained earnings account at 1 May 2016? 7). Refer to the data below: Great Gun's, Inc. Adjusted Trial Balance December 31 Debit Credit Cash S 16 Accounts Receivable Equipment Accounts Payable Capital Stock Retained Eamings 34 170 S 25 112 34 Dividends 8 Service Revenue 187 Interest Revenue 9. Salaries Expense Depreciation Expense Interest Expense Advertising Expense 94 22 12 11 $367 $367 Instructions: Prepare all necessary closing entries. 8) Arthur Co. had retained earnings of $19,000 at 30 April 2017. During the year up until 30 April 2017, Arthur introduced $9,800 additional capital into the business. Profits were $8,000, of which Arthur withdrew $4,200. Instructions: What was the balance on Arthur's retained earnings account at 1 May 2016?