The following information is available for the Travis Travel Agency.After the closing entries have been journalized and posted,what will be the balance in the Retained Earnings account?
A)$65,000
B)$80,000
C)$130,000
D)$145,000
E)$280,000

Question

The following information is available for the Travis Travel Agency.After the closing entries have been journalized and posted,what will be the balance in the Retained Earnings account? 
A)$65,000 
B)$80,000 
C)$130,000 
D)$145,000 
E)$280,000

Quizplus · Accepted Answer

The Answer of The following information is available for the Travis Travel Agency.After the closing entries have been journalized and posted,what will be the balance in the Retained Earnings account? 
A)$65,000 
B)$80,000 
C)$130,000 
D)$145,000 
E)$280,000

The Following Information Is Available for the Travis Travel Agency