The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Loss$36,600?Retained earnings 298,500?Dividends 39,600?
A. $298,500.
B. $301,500.
C. $222,300.
D. $258,900.
E. $295,500.
Answer: C
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