Use the following information to answer question 3. Given the following adjusted trial balance: Debit Credit...

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Use the following information to answer question 3. Given the following adjusted trial balance: Debit Credit Cash $1,562 2,098 3,124 86 300 Accounts receivable Inventory Prepaid rent Property, plant & equipment - Accumulated depreciation Accounts payable Unearned revenue Common stock Retained earnings + Service revenue 52 82 172 206 end December 6,610 218 56 Interest revenue -Salary expense Travel expense 160 66 May 31, 2016 for $300 he Total $7,396 $7,396 After closing entries have been posted, the balance in retained earnings will be: $6,390 b. $6,562 c. $6,658 d. $6,830 a. Which account will have a zero balance after closing entries have been journalized and posted? a. Prepaid rent. b. Advertising Supplies. Service revenue с. d. Accumulated Depreciation. Use the following information to answer question 3. Given the following adjusted trial balance: Debit Credit Cash $1,562 2,098 3,124 86 300 Accounts receivable Inventory Prepaid rent Property, plant & equipment - Accumulated depreciation Accounts payable Unearned revenue Common stock Retained earnings + Service revenue 52 82 172 206 end December 6,610 218 56 Interest revenue -Salary expense Travel expense 160 66 May 31, 2016 for $300 he Total $7,396 $7,396 After closing entries have been posted, the balance in retained earnings will be: $6,390 b. $6,562 c. $6,658 d. $6,830 a. Which account will have a zero balance after closing entries have been journalized and posted? a. Prepaid rent. b. Advertising Supplies. Service revenue с. d. Accumulated Depreciation.

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Answer to Question 3 After closing entries have been posted the balance in Retained Earn... View the full answer