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Determine the retained earnings as of september

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Reference no: EM132945157

The following information was taken from the records of Henry Harsel Corporation for the month ended September 30, 2018:

Income tax expense $13,095
Accounts payable $13,450
Dividends paid $14,125
Consulting fees revenue $97,875
Rent expense $11,728
Supplies expense $16,917

Problem 1: If Retained Earnings balance on September 30, 2018 was $57,860, determine the retained earnings as of September 1, 2018.

A $36,475
B $23,380
C $50,600
D $22,350

Reference no: EM132945157

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