Multiple Choice
On September 1, Baxter Inc. reported Retained Earnings of $136,000. During the month of September, Baxter generated revenues of $20,000, incurred expenses of $12,000, purchased equipment for $5,000 and paid dividends of $6,000.
What is the balance in Retained Earnings on September 30?
A) $136,000
B) $ 8,000
C) $137,000
D) $138,000
Correct Answer:
Verified
Correct Answer:
Verified
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