The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $12,000 Accounts
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Question:
The following accounts and balances are taken from Moore Company's adjusted trial balance:
Accounts Payable | $12,000 |
Accounts Receivable | 2900 |
Accumulated Depreciation | 1500 |
Depreciation Expense | 1100 |
Dividends | 2400 |
Insurance Expense | 2600 |
Interest Revenue | 1140 |
Prepaid Insurance | 2020 |
Retained Earnings | 10,600 |
Salary Expense | 22,100 |
Service Revenue | 37,800 |
What is the ending balance in Retained Earnings after the closing entries are completed?
A.
$13,140
B.
$21,340
C.
$38,940
D.
$10,740
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