QP Corp. has a beginning retained earnings balance of $16,000. An adjusted trial balance shows total expenses of $24,000 and service revenue of $28,000. If dividends for the year were $1,800, determine the year-end retained earnings to be reported on the Statement of Retained Earnings.

Answer rating: 100% (QA)

Data provided in the question Beginning retained eatning 16000 Total ex... View the full answer