Hello, I need help with the following question(s): e The Following Informat ??Se

Question

Hello, I need help with the following question(s):

e The Following Informat ??Secure l https://newconnect.mheducation.com/flow/connect.html e Chegg Study! Guided So Connect Xi × × ? ? Exam 2 Saved Help Save & Exit Submit 2 MC Qu. 281 The following information is available. 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? pcinis $190,800 91,200 121,600 22,800 Total revenues 01:5749Total expenses Retained earnings Dividends Multiple Choice 98,800 $121.600 Mc Graw

Explanation / Answer

Q2. Answer is 197600 Explanation: Beginning Balance of RE 121600 Add: Revenue 190000 Less: Expensse 91200 Less: Dividend 22800 Ending balance of RE 197600 Q3. Answer is Debit Unearned fees account $ 8370; Credit Fees earned $ 8370 Eexplanation: Journal entry for adjustment Unearned fees Account Dr. 8370       Fees earned Account (33480/36*9) 8370

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