The Following Information Is Available for the Travis Travel Agency

question 191

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

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

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Definitions:

Weekend Work

Employment duties performed during the weekend, often outside of traditional weekday working hours.

Father-Child Relationships

The bond and interactions between a father and his child, affecting the child's development and well-being.

Mandatory Overtime

Required extra work hours beyond the standard working schedule, often dictated by an employer and sometimes associated with additional compensation.

Social Convoy

A theoretical concept describing a group of people who provide an individual with social support throughout their life span.