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Determine the balance in the retained earnings account

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Reference no: EM132862022

Question - The following account balances were drawn from the adjusted trial balance of Janson, Inc. Service revenue $700

Operating expenses 400

Accounts payable 600

Unearned revenue 100

Dividends 200

Retained earnings 1,200

After the closing entries have been recorded and posted, determine the balance in the retained earnings account?

a. $1,200.

b. $1,300

c. $1,400.

d. $1,500

Reference no: EM132862022

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