The trial balance of Grundy Company at the end of the accounting period, immediately prior to recording closing entries, showed: After closing entries, the Retained Earnings account will have a balance of

Question

The trial balance of Grundy Company at the end of the accounting period, immediately prior to recording closing entries, showed:  After closing entries, the Retained Earnings account will have a balance of

Quizplus · Accepted Answer

$14,000 beginning bal. in RE + $43,000 revenue - $38,400 expenses - $1,000 dividends = $17,600

The Trial Balance of Grundy Company at the End of the Accounting