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Presented below is the trial balance of Your Company as of December 31, 2019. After the closing entries have been recorded, what is the
Presented below is the trial balance of Your Company as of December 31, 2019. After the closing entries have been recorded, what is the ending balance for retained earnings? Account Title: Debit Credit Cash 2,900 Equipment 4,000 Common Stock 2,000 Retained Earnings 2,700 Revenue 7,000 Expenses 4,800 Totals 11,700 11,700 $ 4,200. $14,500 $ 9,700. $ 4,900. $ 6,900.
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