Given the following account balances before closing entries, what would be the balance for Retained Earnings...

 

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Given the following account balances before closing entries, what would be the balance for Retained Earnings on the Post - Closing Trial Balance (assuming the beginning Retained Earnings balance is zero)? Dividends 30,000 Service Revenue 285,000 Salaries Expense 66,000 Depreciation Expense - Building and Equipment 6,700 Supplies Expense 15,000 Insurance Expense 13,400 Utilities Expense 20,000 Given the following account balances before closing entries, what would be the balance for Retained Earnings on the Post - Closing Trial Balance (assuming the beginning Retained Earnings balance is zero)? Dividends 30,000 Service Revenue 285,000 Salaries Expense 66,000 Depreciation Expense - Building and Equipment 6,700 Supplies Expense 15,000 Insurance Expense 13,400 Utilities Expense 20,000

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To calculate the balance for Retained Earnings on the PostClosi... View the full answer