After closing entries are posted, the balance in the retained earnings account in the ledger will be equal to

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The balance in the retained earnings account in the ledger after closing entries are posted will be equal to the amount of the retained earnings reported on the balance sheet. This is because the closing entries transfer the net income or net loss to the retained earnings account, which is then reported on the balance sheet as part of the equity section. Therefore, the balance in the retained earnings account will match the amount reported on the balance sheet.

After Closing Entries Are Posted, the Balance in the Retained