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The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the Retained earnings account?
The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the Retained earnings account?
| Net Loss | $ | 37,600 |
| Retained earnings | 299,000 | |
| Dividends | 40,000 | |
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
