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After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 60,000 Retained Earnings (beginning) 130,000 Dividends 15,000
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After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 60,000 Retained Earnings (beginning) 130,000 Dividends 15,000

User Sytham
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8.2k points

1 Answer

6 votes

Answer:

$10,000

Step-by-step explanation:

Given the data above,

User Mahendra Gunawardena
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7.7k points
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