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The December 31, 2010, Adjusted Trial Balance of a Company

Question 118

Multiple Choice

The December 31, 2010, adjusted trial balance of a company, where all accounts have normal balances is: The December 31, 2010, adjusted trial balance of a company, where all accounts have normal balances is:   Given this information, after all closing entries are made, the balance in the retained earnings account is: A)  $2,000 B)  $4,000 C)  $0 D)  $1,500 Given this information, after all closing entries are made, the balance in the retained earnings account is:


A) $2,000
B) $4,000
C) $0
D) $1,500

Correct Answer:

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