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? Total revenues$125,000Total expenses 60,000Retained earnings 80,000Dividends 15,000
A. $280,000.
B. $130,000.
C. $145,000.
D. $65,000.
E. $80,000.
Answer: B
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