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Given the following adjusted trial balance, what will be the amount of Retained Earnings on a post - closing trial balance? Illustration of a list of accounts taken from an adjusted trial balance. Cash $9,000, Accounts receivable 14, 400; Equipment 16, 200; Accumulated depreciation - equipment 5,400; Accounts payable 7, 200; Unearned service revenue 1, 800; Common stock 3, 600; Retained earnings 5, 400; Service revenue 32, 400; Salaries and wages expense 10,800; Travel expense 5,400 Select answer from the options below S16, 200 $21, 600 $5,400 $23,400

Given the following adjusted trial balance, what will be the amount of Retained Earnings on a post - closing trial balance? Illustration of a list of accounts taken from an adjusted trial balance. Cash $9,000, Accounts receivable 14, 400; Equipment 16, 200; Accumulated depreciation - equipment 5,400; Accounts payable 7, 200; Unearned service revenue 1, 800; Common stock 3, 600; Retained earnings 5, 400; Service revenue 32, 400; Salaries and wages expense 10,800; Travel expense 5,400 Select answer from the options below S16, 200 $21, 600 $5,400 $23,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Given the following adjusted trial balance, what will be the amount of Retained Earnings on a post - closing trial balance? Illustration of a list of accounts taken from an adjusted trial balance. Cash $9,000, Accounts receivable 14, 400; Equipment 16, 200; Accumulated depreciation - equipment 5,400; Accounts payable 7, 200; Unearned service revenue 1, 800; Common stock 3, 600; Retained earnings 5, 400; Service revenue 32, 400; Salaries and wages expense 10,800; Travel expense
5,400 Select answer from the options below S16, 200 $21, 600 $5,400 $23,400

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