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A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the income Summary account? (Assume all accounts have normal balances) Retained earnings Dividendo Revenue Rent expense Salaries expense Insurance expense Depreciation expense-equipment Accumulated depreciation equipment $ 8,750 12,250 35,000 3,500 8,150 390 600 1,800 Multiple Choice Murple Choice $22.360 credit $22.360 debit $10,110 credit $24,160 credit $31110 credit
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