The total revenues of $7,000, total expenses of $3,700 and dividends of $900 were recorded in the closing entries. The net change in Retained Earnings for the month was:
A) $6,100.
B) $3,300.
C) $2,400.
D) $4,200.
C) $2,400.
Explanation: revenues - expenses - dividends = change in RE. Ex: $7,000 - $3,700 - $900 = $2,400
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