Oriole Corporation earned revenues of $223300, incurred expenses of $236900, and paid dividends of $4350 during...

Transcribed Image Text:

Oriole Corporation earned revenues of $223300, incurred expenses of $236900, and paid dividends of $4350 during the current year. After all closing entries have been posted, the balance in the Retained Earnings account will have O increased by $9250. O decreased by $17950. O increased by $17950. O decreased by $13600. Oriole Corporation earned revenues of $223300, incurred expenses of $236900, and paid dividends of $4350 during the current year. After all closing entries have been posted, the balance in the Retained Earnings account will have O increased by $9250. O decreased by $17950. O increased by $17950. O decreased by $13600.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below To determine the change in the Retained ... View the full answer