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The adjusted trial balance for LMNOK Company at the end of the accounting year showed the following: 16 Credits Adjusted Trial Balance Debits $40,000 $43,000

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The adjusted trial balance for LMNOK Company at the end of the accounting year showed the following: 16 Credits Adjusted Trial Balance Debits $40,000 $43,000 $285.000 01:50:26 eBook Accounts Cash Accounts Receivable Equipment Accounts Payable Unearned Revenue Notes Payable Retained Earnings Common Stock Service Revenue Cost of Goods Sold Operating Expenses Interest Expense Total $38,000 $15,000 $75,000 $55,000 $125,000 $414,000 Files $234,000 $107.000 $13,000 $722,000 $722,000 The closing entry at the end of the period consists of which of the following? DR Retained Earnings $100.000 DR Retained Earnings $75,000 DR Retained Earnings $60,000 CR Retained Earnings $100,000 CR Retained Earnings $60,000 CR Retained Earnings $75,000

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