Homework Answers
Answer :-
The Correct Answer is $186,000
Explanation -
Given that Net Income = $115,000
Retained Earnings = $110,000
Dividends = $39,000
Ending Retained earnings balance = Beginning Retained Earnings + Net Income - Dividends
Ending Retained earnings balance = $110,000 + $115,000 - $39,000
Ending Retained earnings balance = $186,000
After all of the closing entries are made ,the balance in Retained earnings Account is $186,000
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Question 8 2 pts The following information is available for Zephyr Company before closing the accounts....
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