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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 $14,700 The starting balance of Inventory is $3,800 The starting balance of Retained Earnings is $22,900

Date Accounts and Explanation Debit Credit
Mar 9 Cash 35
Inventory 28
Retained Earnings 7
Sold and delivered product to customer
Mar 10 Cash 20
Retained Earnings 20
Sold, delivered, and received payment for service with no clear associated cost
Mar 11 Retained Earnings 3
Cash 3
Consumed good or service and paid expense with cash

What is the final amount in Retained Earnings?

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