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Refer to the following adjusted trial balance after the first year of operations. Accounts Debit Credit Cash ? $1,900 Accounts Receivable ? 8,900 Office Supplies
Refer to the following adjusted trial balance after the first year of operations. Accounts Debit Credit Cash ?$1,900 Accounts Receivable ?8,900 Office Supplies 200 Equipment ?22,300 Accumulated Depreciationlong dash Equipment ?$2,000 Accounts Payable ?1,000 Salaries Payable 850 Unearned Revenue 400 Common Stock ?3,600 Dividends ?3,000 Service Revenue ?55,150 Salaries Expense ?23,000 Supplies Expense ?2,000 Depreciation Expenselong dash Equipment ?1,700 ?????????????? Total ?$63,000 ?$63,000
What will the balance of the Retained Earnings account be after the closing entries are? posted?
| Accounts | Debit | Credit |
| Cash | ?$1,900 | |
| Accounts Receivable | ?8,900 | |
| Office Supplies | 200 | |
| Equipment | ?22,300 | |
| Accumulated Depreciationlong dash Equipment | | ?$2,000 |
| Accounts Payable | | ?1,000 |
| Salaries Payable | | 850 |
| Unearned Revenue | | 400 |
| Common Stock | | ?3,600 |
| Dividends | ?3,000 | |
| Service Revenue | | ?55,150 |
| Salaries Expense | ?23,000 | |
| Supplies Expense | ?2,000 | |
| Depreciation Expenselong dash Equipment | ?1,700 | ?????????????? |
| Total | ?$63,000 | ?$63,000 |
A. ?$32,050
B. $31,450
C. $28,450
D. $25,450
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