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From the Following Information,determine the Ending Balance in Retained Earnings

Question 4

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From the following information,determine the ending balance in Retained Earnings.
 1. Faginning Retained Eamings $6,200 2. Cash 1,900 3. Acrounts Payzble 1,100 4. Sales 27,000 5. Merchandise Inventory 9,200 6. Cost of Goods Sold 14,400 7. Salary Experse 9,900\begin{array} { l l } \text { 1. Faginning Retained Eamings } & \$ 6,200 \\\text { 2. Cash } & 1,900 \\\text { 3. Acrounts Payzble } & 1,100 \\\text { 4. Sales } & 27,000 \\\text { 5. Merchandise Inventory } & 9,200 \\\text { 6. Cost of Goods Sold } & 14,400 \\\text { 7. Salary Experse } & 9,900\end{array}


A) $ 6,200
B) $ 8,900
C) $12,700
D) $18,900
E) $20,000

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