The following accounts and balances are taken from Moore Company's adjusted trial balance: What is the ending balance in Retained Earnings after the closing entries are completed?

Question

The following accounts and balances are taken from Moore Company's adjusted trial balance:  What is the ending balance in Retained Earnings after the closing entries are completed?

Quizplus · Accepted Answer

Interest Revenue $1,340 + Service Revenue $37,800 -Depr.Expense $1,600 -Insurance Expense $2,300 -Salary Expense $25,100 - Dividends $2,000 + Beg.Bal.Retained Earnings $10,100= $18,240

The Following Accounts and Balances Are Taken from Moore Company's