The following balances appear on the books of Cedrick Owens Enterprises: Retained Earnings, $23,700; Dividends,...
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Accounting
The following balances appear on the books of Cedrick Owens Enterprises: Retained Earnings, $23,700; Dividends, $10,800; Income Summary, \$0; Service Revenue, \$25,500; Salaries Expense, \$6,900; Rent Expense \$3,000; and Advertising Expense, $2,800. 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 Adj. Bal.) at December 31
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