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Cash Accounts receivable Inventory Prepaid rent Debit $1,662 2,098 3,124 86 Credit Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service

Cash

Accounts receivable Inventory

Prepaid rent

Debit $1,662 2,098 3,124 86

Credit

Equipment

Accumulated depreciation-equipment Accounts payable

Unearned service revenue

Common stock

Retained earnings

Service revenue

Interest revenue

Salaries and wages expense

Travel expense

T otal

After closing entries have been posted, the balance in retained earnings will be: a. $6,440.

b. $6,612.

c. $6,980.

d. $6,808.

please help me understand the answer and how to find retained earnings

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