The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income$55,500?Retained earnings 136,500?Dividends 17,200?
A. $136,500.
B. $174,800.
C. $63,800.
D. $209,200.
E. $98,200.
Answer: B
Business
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