question archive Prior to closing
Prior to closing
Subject:AccountingPrice: Bought3
Prior to closing. Syracuse Company’s accounting records showed the following balances:
|
Retained earnings |
$6,800 |
|
Service revenue |
8,050 |
|
Interest revenue |
1,000 |
|
Salaries expense |
4,900 |
|
Operation expense |
1,550 |
|
Interest expense |
700 |
|
Dividends |
1,300 |
After closing Syracuse’s retained earning balance would be
Multiple choice
a. $6,800
b. $8,700
c. $7,400
d. $10,000
