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siniylev [52]
2 years ago
7

Applying Closing Procedures Assume you are in the process of closing procedures for Echo Corporation. You have already closed al

l revenue and expense accounts to the Retained Earnings account. The total debits to Retained Earnings equal $308,800 and total credits to Retained Earnings equal $347,400. The Retained Earnings account had a credit balance of $99,000 at the start of this current year. What is the post-closing ending balance of Retained Earnings at the end of this current year
Business
1 answer:
pav-90 [236]2 years ago
7 0

Answer:

See below

Explanation:

Given the above details, post closing ending balance of retained earnings would be calculated by

= Debit balance in the retained earning + credit in the retained earnings - Credit balance in the retained earnings

= $308,800 + $99,000 - $347,400

= $60,400

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Answer:

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Explanation:

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3 years ago
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3 years ago
THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
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Answer:

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What were two most challenging educational experiences? Explain why they were challenging
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