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QUESTION
Prior to closing, Syracuse Company's accounting records showed the following balances: Retained Earnings : $8,600 Service revenue: 9,250 Interest...
Prior to closing, Syracuse Company's accounting records showed the following balances:
Retained Earnings : $8,600
Service revenue: 9,250
Interest revenue: 1,600
Salaries expense: 6,100
Operating expense: 2,150
Interest expense: 1,300
Dividends: 1,900
After closing, Syracuse's retained earnings balance would be:
A. $8,600
B. $9,900
C. $8,000
D. $11,800
