Frosty Inc.has the following balances on December 31 prior to closing entries: 
Based upon the balances above,what net adjustment would be made to Retained Earnings due to closing entries?
A) Increase of $11,000.
B) Increase of $13,000.
C) Increase of $12,000.
D) Increase of $14,000.
Correct Answer:
Verified
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