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Closing Entries Included Debits to Revenues for a Total of $5,100

Question 131

Multiple Choice

Closing entries included debits to revenues for a total of $5,100, credits to expenses for a total of $3,200, and a credit to dividends for $700. The net change in Retained Earnings for the month was:


A) $1,200.
B) $1,900.
C) $3,200.
D) $4,400.

Correct Answer:

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