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Prior to closing the accounting records of Brand Company showed $30,000 of assets, $10,000 of liabilities, $19,500 of retained earnings, $3,000 of revenue, $2,000 of

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Prior to closing the accounting records of Brand Company showed $30,000 of assets, $10,000 of liabilities, $19,500 of retained earnings, $3,000 of revenue, $2,000 of expenses and $500 of dividends. After closing the balance in the retained earnings account will be Multiple Choice O $21,000. O $20,500. O $20,000. O $19,500

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