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Given the following adjusted trial balance: Debit Credit Cash $632 Accounts receivable 797 Inventory 1187 Prepaid rent 33 Equipment 110 Accumulated depreciation-equipment $20 Accounts payable
Given the following adjusted trial balance:
Debit | Credit | ||
---|---|---|---|
Cash | $632 | ||
Accounts receivable | 797 | ||
Inventory | 1187 | ||
Prepaid rent | 33 | ||
Equipment | 110 | ||
Accumulated depreciation-equipment | $20 | ||
Accounts payable | 31 | ||
Unearned service revenue | 46 | ||
Common stock | 76 | ||
Retained earnings | 2510 | ||
Service revenue | 140 | ||
Interest revenue | 21 | ||
Salaries and wages expense | 60 | ||
Travel expense | 25 | ||
Total | $2844 | $2844 |
After closing entries have been posted, the balance in retained earnings will be:
| $2672. |
| $2586. |
| $2446. |
| $2488. |
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