Question
The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the
The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Retained earnings account?
| Total revenues | $ | 150,000 |
| Total expenses | 72,000 | |
| Retained earnings | 96,000 | |
| Dividends | 18,000 | |
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$72,000.
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$174,000.
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$96,000.
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$156,000.
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$78,000.
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Corporate Risk Management
Authors: Faisal F. Al-Thani, Tony Merna
2nd Edition
0470518332, 978-0470518335
