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.