During 2015,Moore Corporation had Revenues of $525,000 and Expenses of $423,000 and declared cash dividends of $22,000.Retained Earnings on January 1,2015 was $210,000.
1.Prepare closing entries on December 31,2015.
2.Calculate the balance in Retained Earnings on December 31,2015.

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The Answer of During 2015,Moore Corporation had Revenues of $525,000 and Expenses of $423,000 and declared cash dividends of $22,000.Retained Earnings on January 1,2015 was $210,000.
1.Prepare closing entries on December 31,2015.
2.Calculate the balance in Retained Earnings on December 31,2015.

During 2015,Moore Corporation Had Revenues of $525,000 and Expenses of $423,000