The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income $ 46,500 132,000 13,600 Retained earnings Dividends Multiple Choice $71,900. $132,000.

The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income $ 46,500 132,000 13,600 Retained earnings Dividends Multiple Choice $71,900. $132,000.

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

Multiple Choice
$71,900.
$132,000.
$164,900.
$192,100.
$99,100.

The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained
earnings account?
Net Income
$ 46,500
Retained earnings
132,000
Dividends
13,600
Multiple Choice
$71,900.
$132,000.
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