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What is the balance in retained earnings

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Question - At September 1, 2017, Baxter Inc. reported Retained Earnings of $423,000. During the month, Baxter generated revenues of $60,000, incurred expenses of $36,000, purchased equipment for $15,000 and paid dividends of $6,000. What is the balance in Retained Earnings at September 30, 2017?

A. $24,000 credit

B. $441,000 credit

C. $423,000 credit

D. $426,000 credit

Reference no: EM131679888

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