A company had revenues of $15,000; expenses of $22,000 and dividends of $8,000. During the closing...

 

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A company had revenues of $15,000; expenses of $22,000 and dividends of $8,000. During the closing process, what was the net impact of all the closing entries on Retained Earnings? O Increased by $15,000 O Decreased by $22,000 O Decreased by $15,000 O Decreased by $30,000 A company had revenues of $15,000; expenses of $22,000 and dividends of $8,000. During the closing process, what was the net impact of all the closing entries on Retained Earnings? O Increased by $15,000 O Decreased by $22,000 O Decreased by $15,000 O Decreased by $30,000

Answer rating: 100% (QA)

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