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YEOERIS A company's ledger accounts and their end-of-perlod balances before closing entries are posted are shown below. What amount will be posted to Retained earnings

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YEOERIS A company's ledger accounts and their end-of-perlod balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the income Summary account? (Assume all accounts have normal balances.) Retained earnings Dividends Revenue Rent expense Salaries expense Insurance expense Depr. Expense-equipment Accum depr.-equipment $ 7,000 9,800 28,000 2,800 6,600 315 460 1,380 Multiple Choice $17,825 credit Multiple Choice $17,825 credit $8,025 credit $17,825 debit. $8,025 credit. $19,205 credit

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