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QUESTION 7 The following account balances prior to closing entries were taken from the records of Kendall Comp Revenues: 22,400 Operating Expenses: 15,000 Dividends: 4,500

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QUESTION 7 The following account balances prior to closing entries were taken from the records of Kendall Comp Revenues: 22,400 Operating Expenses: 15,000 Dividends: 4,500 Retained Earnings: 17,000 After closing entries at December 31, 2016, Retained Earnings will be: O $19,900 O $7,400 $2,900 $24,400

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