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White Insurance Agency started the year with a beginning Retained Emica blancs of $25.000. During the year. White Insurance Agency came $37,000 of Service Revenue

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White Insurance Agency started the year with a beginning Retained Emica blancs of $25.000. During the year. White Insurance Agency came $37,000 of Service Revenue and incurred $22.00 of various conces, Dividends of $0.000 from the business were paid to stockholders. Aher the closing entries se recorded and posted, what will be the balance of Retained Emings? Po the beginning balance and closing cry amounts to the Retired Earnings account. Use a "Bal" posting reference to show the beginning and ending balance of the Rained Eamings account. Use a Cles posting reference to show the amounts That are posted while closing the book. The revenue and expense amounts should be combined whose closing entry for not come to you are closing the income Summary account Retinamings

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