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The following pre-closing accounts and balances were drawn from the records of Carolina Company on...

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Accounting

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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2 Cash $ 5,000 Accounts receivable $ 1,850 Dividends 2,509 Common stock 2,975 Land 2,800 Revenue 2,800 Accounts payable 1,450 Expense 1,550 What is the amount of retained earnings that will be shown on the balance sheet at December 31. Year 2? Multiple Choice $7.800 $6,475 3807

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