Question: Can someone please help me with these two questions? Given the following adjusted trial balance: Debit Credit Cash $931 Accounts receivable 1175 1749 48 170

Can someone please help me with these two questions?  Can someone please help me with these two questions? Given the
following adjusted trial balance: Debit Credit Cash $931 Accounts receivable 1175 1749
48 170 Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service

Given the following adjusted trial balance: Debit Credit Cash $931 Accounts receivable 1175 1749 48 170 Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue $29 46 68 Common stock 120 Retained earnings 3700 Service revenue 206 Interest revenue 31 Salaries and wages expense 90 Travel expense 37 Total $4200 $4200 After closing entries have been posted, the balance in retained earnings will be: Common stock 3700 206 31 Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 90 37 $4200 $4200 After closing entries have been posted, the balance in retained earnings will be: $3896. O $3810 O $3712 $3604. The following information is from the Income Statement of the Marigold Laundry Service: $5070 Revenues Service Revenues Expenses Salaries and wages expense $ 1910 Advertising expense 390 Rent expense 230 Supplies expense Insurance expense 80 Total expenses Net income 160 2770 $2300 The entry to close Income Summary includes a: credit to Common Stock for $2300 credit to Income Summary for $2300. debit to Income Summary for $2300. O debit to Retained Earnings for $2300

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