Question
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000 Accounts Receivable $3,400 Accumulated Depreciation 1,000 Depreciation Expense 1,000
The following accounts and balances are taken from Moore Company's adjusted trial balance:
| Accounts Payable | $9,000 |
| Accounts Receivable | $3,400 |
| Accumulated Depreciation | 1,000 |
| Depreciation Expense | 1,000 |
| Dividends | 2,600 |
| Insurance Expense | 2,600 |
| Interest Revenue | 1,040 |
| Prepaid Insurance | 2,220 |
| Retained Earnings | 10,900 |
| Salary Expense | 24,100 |
| Service Revenue | 38,800 |
What is the ending balance in Retained Earnings after the closing entries are completed?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
