Szabo Inc. has the following general ledger account balances at December 31, 2017: Dividends Selling...
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Szabo Inc. has the following general ledger account balances at December 31, 2017: Dividends Selling expenses Service revenue Unearned revenue Unused supplies Utilities expense Wages expense 3,000 21,000 38,500 2,900 2100 3,600 6.900 Assuming this is the first year of operations, what is the balance in the Retained Earnings account after the closing process? A) $7,000 B) $4,000 C) $6.900 D) $1,900
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