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Prior to Closing the Accounts, Syracuse Company's Accounting Records Showed

Question 58

Multiple Choice

Prior to closing the accounts, Syracuse Company's accounting records showed the following balances:  Retained earnings $7,400 Service revenue 8,450 Interest revenue 1,200 Salaries expense 5,300 Operating expense 1,750 Interest expense 900 Dividends 1,500\begin{array}{lr}\text { Retained earnings } & \$ 7,400 \\\text { Service revenue } & 8,450 \\\text { Interest revenue } & 1,200 \\\text { Salaries expense } & 5,300 \\\text { Operating expense } & 1,750 \\\text { Interest expense } & 900 \\\text { Dividends } & 1,500\end{array}
After closing the accounts, Syracuse's retained earnings balance would be


A) $7,400.
B) $7,600.
C) $9,100.
D) $10,600.

Correct Answer:

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