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| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
7. The retained earnings account has a debit balance of $2,400 before closing entries are made. If total revenues for the year are $57,200, total expenses are $36,800, and dividends are $8,000, what is the ending balance in the retained earnings account after all closing entries have been made? A. $23,200 B. $10,000 C. $14,200 D. $17,600 E. $ 9,800
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