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Exhibit 4-3 The December 31, 2012, adjusted account balances taken from the Adjusted Trial Balance of Cajon Corporation are as follows: Debit Credit Cash $150
Exhibit 4-3 The December 31, 2012, adjusted account balances taken from the Adjusted Trial Balance of Cajon Corporation are as follows:
Debit | Credit | |
Cash | $150 | |
Store Supplies | 300 | |
Service Fees Revenue | $600 | |
Retained Earnings | 50 | |
Accounts Payable | 70 | |
Dividends | 200 | |
Unearned Service Fees Revenue | 180 | |
Wage Expense | 200 | |
Store Supplies Expense | 50 | |
Refer to Exhibit 4-3. Given the information above, after all closing entries have been made, the balance in Cajon's Retained Earnings account would be
Select one:
a. $380
b. $400
c. $330
d. $200
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