Mathematics, 10.06.2020 20:57, shea3042

The Retained earnings account has a credit balance of $54,000 before closing entries are made. Total revenues for the period are $72,200, total expenses are $48,300, and dividends are $15,800. What is the correct closing entry for the revenue accounts?

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The Retained earnings account has a credit balance of $54,000 before closing entries are made. Total...