Accounting: Journal 3

Consider the following account starting balances and journal transactions involving these accounts.

Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.

The starting balance of Cash is $8,400

The starting balance of Inventory is $4,200

The starting balance of Retained Earnings is $23,500

Consider the following account starting balances and journal transactions involving these accounts . Use T-accounts to record the starting balances and organize the offsetting entries for the transactions. The starting balance of Cash is $8, 400 The starting balance of Inventory is $ 4 , 200 The starting balance of Retained Earnings is $ 23 , 500 Date Accounts and Explanation Debit| Credit Mar 9\\ Retained Earnings 2 Cash 2 Consumed good or service and paid expense with cash Mar 10 Cash 40 Inventory 32 Retained Earnings Sold and delivered product to customer Mar 1 1 \\Cash 25 Retained Earnings 25 Sold , delivered , and received payment for service* with no clear associated cost What is the final amount in Retained Earnings