Exercise 4 21 Selected year end account balances from the adjusted trial balance as of December 31, 2022, for Novak Corp is provided below Debit Credit Accounts Receivable $63,890 Dividends 23,140 Depreciation Expense 11,620 Equipment 187,260 Salaries and Wages Expense 80,170 Accounts Payable $46,640 Accumulated DepreciationEquipment 101,020 Unearned Rent Revenue 20,150 Service Revenue 161,740 Rent Revenue 5,460 Rent Expense 3,170 Retained Earnings 54,380 Supplies Expense 1,230 Date Account Titles and Explanation Debit Credit Dec 31 (To close revenue account) Dec 31 (To close expense accounts) Dec 31 (To close net income to retained earnings) Dec 31 Policy 2000 2019 John Wil Determine the post closing balance in Retained Earnings (Post entries in the order of journal en Retained Earnings Click if you would like to Show Work for this question Open Show Work

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Question: Exercise 4-21 Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Novak Corp. is provided below. Debit Credit Accounts

Exercise 4-21

Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Novak Corp. is provided below.

	Debit	Credit
Accounts Receivable	$63,890
Dividends	23,140
Depreciation Expense	11,620
Equipment	187,260
Salaries and Wages Expense	80,170
Accounts Payable		$46,640
Accumulated DepreciationEquipment		101,020
Unearned Rent Revenue		20,150
Service Revenue		161,740
Rent Revenue		5,460
Rent Expense	3,170
Retained Earnings		54,380
Supplies Expense	1,230

Exercise 4-21 Selected year-end account balances from the adjusted trial balance as

of December 31, 2022, for Novak Corp. is provided below. Debit Credit

Date Account Titles and Explanation Debit Credit / Dec. 31 / / / / / (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income to retained earnings) Dec. 31 Policy | 2000-2019 John Wil Determine the post-closing balance in Retained Earnings. (Post entries in the order of journal en Retained Earnings Click if you would like to Show Work for this question: Open Show Work

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