The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.

what is retained earnings ?

Required information (The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,000 140,000 5,000 25,000 300,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $125,000 11,000 10,000 4,000 30,000 200,000 50,000 400,000 300,000 15,000 30,000 4,000 $830,000 $830,000 Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Retained Earnings Salaries Expense Rent Expense Depreciation Expense Interest Expense 300,000 15,000 30,000 4,000 Record entry Clear entry View general journal