The Retained Earnings account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55.200, total expenses are $39.800 and dividends are $9,000, what is the ending balance in the Retained earnings account after all closing entries are made? (A) $8,000 $15,400 (B) (C) $23,400 $17,000 (D) $32,400 (E) d deit bal After adjusting entries have been made, the balance sheets of Fun Company showed the following liability amounts at the end of 2018 and 2017: 2018 2017 Wages payable. $1,100 $2,200 The following amount was taken from the 2018 Income Statement: Wage expense. $46,000 The amount of wages paid by Fund Company during 2018 was: $46,000 (A) $47,100 (B) $44,900 (C) $1,100 (D) (E) none of the above are correct E) Office Sap Merchandise inventory: (A) Is recorded on the balance sheet as a current asset (B) Refers to products a company owns and intends to sell (C) Can include the cost of shipping the goods to the store and making them ready for sale (D) Does not appear on the balance sheet of a service company (E) All of the above