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Frosty Incorporated has the following balances on December 31 prior to closing entries:
Revenues $ 43800
Retained Earnings, January 1 8400
Cash 8900
Expenses 25000
Accounts Payable 2500
Dividends 1200
Supplies 19,600
Based upon the balances above, how will Retained Earnings change as a result of the closing entries?

Frosty Incorporated Has The Following Balances On December 31 Prior To Closing Entries Revenues 43800 Retained Earnings January 1 8400 Cash 8900 Expenses 25000 class=

Sagot :

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