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

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Definitions:

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute.

Dyspnea

A medical term for the feeling of shortness of breath or difficulty breathing, which can be a symptom of various health conditions.

Capillary Refill

A test to assess blood circulation, where pressure is applied to a nail bed and release time is measured to see how fast blood returns to the area.

Clot Formation

The process by which blood changes from a liquid to a solid state to stop bleeding, involving platelets and coagulation factors.