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What the credit to retained earnings in the closing entry

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Reference no: EM132912616

Problem - Below is a partial portion of Jolex's adjusted trial balance.

Cash 10,408

Accounts Payable 5,803

Retained Earnings 2,137

Sales Revenue 13,618

Rent Revenue 2,456

Salaries and Wages Expense 7,393

Depreciation Expense 1,658

Utilities Expense 2,332

When preparing the closing entry, what the credit to Retained Earnings in the closing entry?

Reference no: EM132912616

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