Use This Information to Answer the Following Question

question 107

Multiple Choice

Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Gula's Repair Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries:


Gula's beginning Retained Earnings balance is

• A) $300.
• B) $700.
• C) $1,500.
• D) $800.

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Definitions:

Transported

Refers to materials or sediment that have been moved and deposited in a new location by natural processes.

Delta

A landform at the mouth of a river where it splits into several branches, depositing sediments carried from upstream, typically forming a triangular shape.

Deposits Load

Material carried by water, wind, or ice and deposited in a new location, contributing to the formation of sedimentary layers and landforms.

Sediments

Particles of rock, mineral, or organic material deposited by water, wind, or ice, often forming layers on Earth's surface.