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Find the balance in retained earnings will be

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Reference no: EM132647644

Cash

Accounts receivable

Inventory

Prepaid rent

Debit $1,662 2,098 3,124 86

Credit

Equipment

Accumulated depreciation-equipment Accounts payable

Unearned service revenue

Common stock

Retained earnings

Service revenue

Interest revenue

Salaries and wages expense

Travel expense

Total

Problem 1: After closing entries have been posted, the balance in retained earnings will be:

a. $6,440.

b. $6,612.

c. $6,980.

d. $6,808.

Reference no: EM132647644

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