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The following normal balances appear in Eaton Company's general ledger: Revenues: Wages Expense: Utilities Expense: $40,000 $25,000 $1,650 Insurance Expense: $3,870 In the first closing

The following normal balances appear in Eaton Company's general ledger: Revenues: Wages Expense: Utilities Expense: $40,000 $25,000 $1,650 Insurance Expense: $3,870 In the first closing entry, Retained Earnings will be credited for a. $12,280. b. $26,000. c. $44,000. d. $31,720.
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The following normal balances appear in Eaton Company's general ledger: In the first closing entry, Retained Earnings will be credited for a. $12,280. b. $26,000. c. $44,000. d. $31,720

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