Prior to closing Syracuse Companys accounting records showed the following balances Retained earnings $6,800 Service revenue 8,050 Interest revenue 1,000 Salaries expense 4,900 Operation expense 1,550 Interest expense 700 Dividends 1,300 After closing Syracuses retained earning balance would be Mul...

Addition to retained earningsService revenue in ...

Prior to closing. Syracuse Companys accounting records showed the following balances: Retained earnings $6,800 Service revenue 8,050

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Prior to closing. Syracuse Company’s accounting records showed the following balances:

Retained earnings	$6,800
Service revenue	8,050
Interest revenue	1,000
Salaries expense	4,900
Operation expense	1,550
Interest expense	700
Dividends	1,300

After closing Syracuse’s retained earning balance would be

Multiple choice

a. $6,800

b. $8,700

c. $7,400

d. $10,000

Related Book For answer-question

Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Posted Date: Sep 14, 2018 08:17 AM

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Prior to closing. Syracuse Companys accounting records showed the following balances: Retained earnings $6,800 Service revenue 8,050

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Fundamental Accounting Principles Volume II

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