The total revenues of $6,500, total expenses of $3,500, and dividends of $500 were recorded in the closing entries. Calculate the net change in retained earnings for the month.

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The Answer of The total revenues of $6,500, total expenses of $3,500, and dividends of $500 were recorded in the closing entries. Calculate the net change in retained earnings for the month.

The Total Revenues of $6,500, Total Expenses of $3,500, and Dividends