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Fox Co. adjusted trial balance included the following accounts, all at their normal account balance but listed in random order, at December 31, 2020: Fox

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Fox Co. adjusted trial balance included the following accounts, all at their normal account balance but listed in random order, at December 31, 2020: Fox Co. Adjusted Trial Balance Cost of goods sold 400,000 Trading securities 250,000 Loss on early bond call 150,000 Sales 1,000,000 Unearned revenue 200,000 Selling expenses 300,000 Dividends 50,000 Retained earnings 500,000 Gain on building sale 100,000 Based on these Adjusted Trial Balance account balances, what amount should Fox record for Retained earnings in its 12/31/20 closing entry? 100,000 700.000 200.000 400.000

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