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Allen Insurance Agency started the year with a beginning Retained Earnings balance of $28,500. During the year, Allen Insurance Agency earned $33,000 of Revenue and

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Allen Insurance Agency started the year with a beginning Retained Earnings balance of $28,500. During the year, Allen Insurance Agency earned $33,000 of Revenue and incurred $24,000 of various expenses. Dividends of $15,000 from the business were paid to stockholders. After the closing entries are recorded a posted, what will be the balance of Retained Earings? 0 Allen Insurance Agency started the year with a beginning Retained Earnings balance of $28.500. During the year, Allen Insurance Agency earned $33,000 of Service Revenue and incurred $24,000 of various expenses. Dividends of $15,000 from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings

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