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Use the Following Data, Taken from the Adjusted Trial Balance

Question 24

Multiple Choice

Use the following data, taken from the adjusted trial balance, for
 Debit  Credit  Cash 3,712 Accounts Receivable 3,904 Supplies 480 Accounts Payable 1,792 Unearned Revenue 160 Share Capital-ordinary 5,000 Retained Earning 760 Dividends 300 Service Revenue 4,064 Salaries Expense 1,344 Miscellaneous Expense 256 Supplies Expense 2,228 Salaries Payable 448 Total 12.22412.224\begin{array} { l r r } & \text { Debit } & \text { Credit } \\\text { Cash } & € 3,712 & \\\text { Accounts Receivable } & 3,904 & \\\text { Supplies } & 480 & \\\text { Accounts Payable } & & € 1,792\\\text { Unearned Revenue } & & 160 \\\text { Share Capital-ordinary } & & 5,000 \\\text { Retained Earning } & & 760 \\\text { Dividends } & 300 & \\\text { Service Revenue } & & 4,064\\\text { Salaries Expense } & 1,344 \\\text { Miscellaneous Expense } & 256 \\\text { Supplies Expense } & 2,228\\\text { Salaries Payable }&&448\\\text { Total }&€12.224&€12.224\\\end{array}
-What amount will be reflected for Retained Earning in the Statement of Financial Position columns of the worksheet?


A) 996
B) 760
C) 696
D) 1,060

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