What Effect Will the Following Closing Entry Have on the Retained

question 58

Multiple Choice

What effect will the following closing entry have on the retained earnings account?
$\begin{array}{|l|r|r|}\hline \text { Service Revenue } & 18,800 \\\hline \text { Interest Expense } & & 750 \\\hline \text { Operating Expenses } & & 15,500 \\\hline \text { Retained Earnings } & & 2,550 \\\hline\end{array}$

• A) Retained earnings will remain unchanged.
• B) Retained earnings will decrease by $2,550.
• C) Retained earnings will increase by $2,550.
• D) Retained earnings will be transferred to the income statement.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Independence Promotion

Strategies or interventions aimed at enabling individuals to act and make decisions autonomously, enhancing their self-sufficiency.

Comfort and Quality of Life

A state of physical, emotional, and social well-being, facilitated by interventions aimed at improving an individual's comfort and overall experience of life.

Home Health Agencies

Organizations that provide medical services and care in a patient's home, typically for convalescence or long-term care needs.

Direct Care

The provision of hands-on health care or personal assistance by medical, nursing, or other health professionals directly to patients.