Prior to closing, Syracuse Company’s accounting records showed the following balances: Retained Earnings : $8,600Service revenue: 9,250Interest revenue: 1,600Salaries expense: 6,100Operating expense: 2,150Interest expense: 1,300Dividends: 1,900After closing, Syracuse’s retained earnings balance would be:A. $8,600B. $9,900C. $8,000D. $11,800
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