Based on the Following Information,what Would Be the Ending Balance

question 186

Multiple Choice

Based on the following information,what would be the ending balance in the Retained Earnings Account,assuming all accounts have a normal balance?
$\begin{array}{lrlr}\text { Cash } & \$ 6,754 & \text { Dividends } & \$ 2,000 \\\text { Accounts receivable } & 13,733 & \text { Consulting fees earned } & 13,71 \\\text { Office supplies } & 2,625 & \text { Rent expense } & 3,67 \\\text { Land } & 37,153 & \text { Salaries expense } & 6,64 \\\text { Office equipment } & 14,535 & \text { Telephone expense } & 560 \\\text { Accounts payable } & 6,463 & \text { Miscellaneous expense } & 280 \\\text { Common stock } & 54,490 & \text { Retained Earnings } & ?\end{array}$

• A)$15,847
• B)$13,718
• C)$13,155
• D)$13,284
• E)$13,847

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Definitions:

Animal Species

A group of organisms capable of interbreeding and producing fertile offspring, sharing common characteristics and behaviors.

Neurons

Nervous system cells, specialized in transmitting information via both electrical and chemical signaling.

Dendrites

Branch-like extensions of neurons that receive electrical and chemical signals from other neurons.

Axons

Nerve fibers that transmit electrical impulses away from the neuron's cell body to other neurons, muscles, or glands.