Advertising Expense, $$2,600.$ All accounts have normal balances

Read the requirements.

Requirements

Requirement $1.$ The T$-$accounts have been set up for you. Insert each account's adjusted balance as given $($denote as Adj Bal $)$ at December $31$

The T$-$accounts have been set up for you. Insert each account's adjusted balance as given $($denote as Adj. Bal.$)$ at December $31.$

Post the closing entries to the accounts, denoting posted amounts as Clos.

Compute the ending balance of Retained Earnings

Income Summary

Rent Expense

Advertising Expense