Verify all ending balances for each specific account after closing entries are journalized and posted. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Retained Earnings Retained Earnings Dec. 31 21,100 40,300 Adj. Bal. Date Explanation Ref. Debit Credit Balance 8,700 Dec. 31 Balance 40,300 40,300 Dec. 31 8,700 49,000 Dec. 31 21,100 Income Summary Income Summary Dec. 31 6,700 14,500 Dec. 31 Date Explanation Ref. Debit Credit Balance 7,800 Bal. Dec. 31 14,500 14,500 Dec. 31 7,800 Dec. 31 6,700 7,800 Dec. 31 7,800 Income Summary Income Summary Dec. 31 6,700 14,500 Dec. 31 Date Explanation Ref. Debit Credit Balance 7,800 Bal. Dec. 31 14,500 14.500 Dec. 31 7,800 Dec. 31 6,700 7,800 Dec. 31 7,800 Short-term Investments Short-term Investments Dec. 31 23,800 Date Explanation Ref. Debit Credit Balance Dec. 31 23,800 Warranty Revenue Warranty Revenue Dec. 31 16,900 16.900 Adj. Bal. Date Explanation Ref. Debit Credit Balance Balance 16,900 16,900 Dec. 31 16,900 Repairs and Maintenance Expense Repairs and Maintenance Expense Adj. Bal. 800 800 Dec. 31 Date Explanation Ref. Debit Credit Balance Balance 800 800 Dec. 31 800 Warranty Revenue Warranty Revenue Dec. 31 16,900 16,900 Adj. Bal. Date Explanation Ref. Debit Credit Balance Balance 16,900 16.900 Dec. 31 16,900 Repairs and Maintenance Expense Repairs and Maintenance Expense Adj. Bal. 800 800 Dec. 31 Date Explanation Ref. Debit Credit Balance Balance 800 800 Dec. 31 800 Utilities Payable Utilities Payable 3,100 Dec. 31 Date Explanation Ref. Debit Credit Balance Dec. 31 3,100