The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1:         Cash$4,000  Accounts receivable$3,400 Dividends$2,000  Common stock$3,900 Land$3,200  Revenue$3,200 Accounts payable$1,800  Expense$2,200 The amount of Carolina's retained earnings after closing on December 31, Year 1 was:

A. $4,900.
B. $5,900.
C. $7,200.
D. $3,900.


Answer: A

Business

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