Question: Which of the following transactions results in a decrease in retained earnings? Why? a. Employees were paid $20,000 for services received during the month. b.

Which of the following transactions results in a decrease in retained earnings? Why?

a. Employees were paid $20,000 for services received during the month.

b. $175,000 was paid to acquire land.

c. Paid an $18,000 note payable. No interest was involved.

d. Paid a $200 account payable.

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