Question
Prior to closing. Syracuse Companys accounting records showed the following balances: Retained earnings $6,800 Service revenue 8,050 Interest revenue 1,000 Salaries expense 4,900 Operation expense
Prior to closing. Syracuse Company’s accounting records showed the following balances:
| Retained earnings | $6,800 |
| Service revenue | 8,050 |
| Interest revenue | 1,000 |
| Salaries expense | 4,900 |
| Operation expense | 1,550 |
| Interest expense | 700 |
| Dividends | 1,300 |
After closing Syracuse’s retained earning balance would be
Multiple choice
a. $6,800
b. $8,700
c. $7,400
d. $10,000
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
1259261433, 978-1260305838
