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Given the following adjusted trial balance: 1. Debit Credit Cash 1662 Account Receivable 2098 Inventory 3124 Prepaid Rent 86 Equipment 300 Accumulated Depreciation-Equipment 52 Accounts

Given the following adjusted trial balance:

1.

Debit Credit
Cash 1662
Account Receivable 2098
Inventory 3124
Prepaid Rent 86
Equipment 300
Accumulated Depreciation-Equipment 52
Accounts payable 82
Unearned Service Revenue 122
Common Stock 206
Retained Earnings 6610
Service Revenue 368
Interest Revenue 56
Salaries and Wages Expense 160
Travel Expense 66
Total 7496 7496

After closing entries have been posted, the balance in retained earnings will be:

a. $6440

b. $6612

c. $6980

d. $6808

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