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The Following Information Is Available for the Higgins Travel Agency

Question 27

Multiple Choice

The following information is available for the Higgins Travel Agency, Inc. After recording these closing entries, what will be the balance in the Retained Earnings account? The following information is available for the Higgins Travel Agency, Inc. After recording these closing entries, what will be the balance in the Retained Earnings account? A) $75,500. B) $184,500. C) $99,500. D) $160,500. E) $130,000.


A) $75,500.
B) $184,500.
C) $99,500.
D) $160,500.
E) $130,000.

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