Explanation please

78. Hall Company reported revenue of $1.1 million in its accrual basis income statement for the year ended June 30, 2014. Additional information was as follows: Accounts receivable, June 30, 2013 Accounts receivable, June 30, 2014 Uncollectible accounts written off during the year $250,000 530,000 13,000 Under the cash basis, Hall should report revenue of: a. b. c. d. $807,000 $833,000 $587,000 $600,000 A company's adjusted trial balance included the following accounts and normal balances before closing entries: Cash Sales Inventory Dividends paid Accounts payable Expenses Retained earnings $ 1,000 15,000 500 1,000 2,000 12,000 4,000 What will be the balance in the retained earnings account after all closing entries are made and posted? a. b. c. d. $3,000 $6,000 $7,000 $8,000