The Following Information Is Available for Zephyr Company Before Closing $$\begin{array} { l r } \text { Net income } & \$ 115,000 \\\text { Retained earnings } & 110,000 \\\text { Dividends } & 39,000\end{array}$$

question 282

Multiple Choice

The following information is available for Zephyr Company before closing the accounts.After all of the closing entries are made,what will be the balance in the Retained earnings account?
$$\begin{array} { l r } \text { Net income } & \$ 115,000 \\\text { Retained earnings } & 110,000 \\\text { Dividends } & 39,000\end{array}$$

• A) $115,000.
• B) $225,000.
• C) $264,000.
• D) $186,000.
• E) $956,000.

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