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$37,600?Retained earnings 299,000?Dividends 40,000?
A. $296,600.
B. $221,400.
C. $301,400.
D. $259,000.
E. $299,000.
Answer: B
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