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Mastrolia Corporation's Retained Earnings account balance was $25,000 on January 1. During January, the company recorded revenue of $80,000, expenses of $60,000, and dividends of
Mastrolia Corporation's Retained Earnings account balance was $25,000 on January 1. During January, the company recorded revenue of $80,000, expenses of $60,000, and dividends of $5,000. The company also collected a $9,000 account receivable and paid a $6,000 account payable during the period. Determine the company's Retained Earnings account balance on January 31
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