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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

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 $9,000 The starting balance of Inventory is $5,100 The starting balance of Retained Earnings is $22,800

Date Accounts and Explanation Debit Credit
Mar 9 Cash 30
Inventory 24
Retained Earnings 6
Sold and delivered product to customer
Mar 10 Cash 25
Retained Earnings 25
Sold, delivered, and received payment for service with no clear associated cost
Mar 11 Retained Earnings 1
Cash 1
Consumed good or service and paid expense with cash

What is the final amount in Retained Earnings?

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