The following information is available for Cubic Company before closing the accounts.After all closing entries are made,what will be the balance in the Retained earnings account?
A)$115,000.
B)$225,000.
C)$264,000.
D)$186,000.
E)$956,000.

Question

The following information is available for Cubic Company before closing the accounts.After all closing entries are made,what will be the balance in the Retained earnings account? 
A)$115,000. 
B)$225,000. 
C)$264,000. 
D)$186,000. 
E)$956,000.

Quizplus · Accepted Answer

The Answer of The following information is available for Cubic Company before closing the accounts.After all closing entries are made,what will be the balance in the Retained earnings account? 
A)$115,000. 
B)$225,000. 
C)$264,000. 
D)$186,000. 
E)$956,000.

The Following Information Is Available for Cubic Company Before Closing