The Following Information Is Available for the Travis Travel Agency

question 213

Multiple Choice

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?
$$\begin{array} { | l | r | } \hline \text { Total revenues } & \$ 125,000 \\\hline \text { Total expenses } & 60,000 \\\hline \text { Retained earnirgs } & 8 0 , 0 0 0 \\\hline \text { Dividends } & 15,000 \\\hline\end{array}$$

• A) $65,000
• B) $80,000
• C) $130,000
• D) $145,000
• E) $280,000

---

Definitions:

Speech Recognition Programs

Software applications designed to recognize and interpret human speech, converting it into text or executing commands.

Certification Exam

An assessment that, when passed, certifies an individual has met a certain level of knowledge or skill in a specific area.

Cloud Computing

The provision of various services over the Internet, encompassing data storage, servers, databases, networking, and software.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead work remotely, often from home, using the internet.