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$52,500?Retained earnings 135,000?Dividends 16,000?
A. $135,000.
B. $66,500.
C. $171,500.
D. $203,500.
E. $98,500.
Answer: C
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Answer the following statement true (T) or false (F)
A job
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