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on December 31, the balance in the Prepaid Advertising account was $176,000. This is the 2 emaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equaly over each month how much did this advertising campaign cost in total? A. $286,000 B. $176,000 C. $264,000 D. $154,000 E. $22,000 29. The following information is available for the Travis Travel Agency. After the closing entries have been jounalized and posted, what will be the balance in the Retained Earmings account? Total revenues Total Expenses Retained earnings Dividends 125,000 0,000 0,000 15,000 A. $65,000 B. $80,000 C $130,000 D. $145,000 E. $280,000 30.The Retained Earnings account has a credit balance of $17,000 before closing entries a are $9,000, what is the ending balance in the Retained Earnings account after all closi entries are made? made. If total revenues for the period are $55,200, total expenses are $39,800 and divi $8,000 $15,400 $23,400 $17,000 $32,400 Merchandise inventory Is reported on the balance sheet as a current asset mnany owns and intends to sell