= Retained earnings account has a credit balance of $17,850 before closing entries are menses are $41,700, and dividends are $9,450, what is the ending balance in the Retained earnings account after all closing entries are made Multiple Choice $33,850.

= Retained earnings account has a credit balance of $17,850 before closing entries are menses are $41,700, and dividends are $9,450, what is the ending balance in the Retained earnings account after all closing entries are made Multiple Choice $33,850.

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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Question

The Retained earnings account has a credit balance of $17,850 before closing entries are made. If total revenues for the period are $57,700, total
expenses are $41,700, and dividends are $9,450, what is the ending balance in the Retained earnings account after all closing entries are made?
Multiple Choice
$33,850.
$8,400.
$17,850.
$16,000.
$24,400.
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