Below is a list of accounts with corresponding balances. Using these accounts, a

Question

Below is a list of accounts with corresponding balances. Using these accounts, along with the fact that the beginning balance in Retained Earnings is $17,000, compute the ending balance in Retained Earnings. Note: Not all of the listed account balances enter into the calculation of Retained Earnings.

Ending balance:   $

Account Account Balance a. Insurance Expense $ 2,300 b. Cash 4,100 c. Sales Revenue 11,300 d. Advertising Expense 3,100 e. Accounts Payable 5,200 f. Dividends 1,900 g. Interest Revenue 500

Explanation / Answer

Ending balance in Retained Earnings: $21500

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