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Given the Following Adjusted Tabular Summary Amounts The Ending Balance of Retained Earnings on the Retained Earnings

Question 55

Multiple Choice

Given the following adjusted tabular summary amounts:  Cash $831 Accounts receivable 1,049 Inventory 1,562 Prepaid rent 43 Equipment 150 Accumulated depreciation-equipment 26 Accounts payable 41 Unearned service revenue 61 Common stock 103 Retained earnings 3,305 Service revenue 184 Interest revenue 28 Salaries and wages expense 80 Travel expense 33\begin{array} { l r } \text { Cash } & \$ 831 \\\text { Accounts receivable } & 1,049 \\\text { Inventory } & 1,562 \\\text { Prepaid rent } & 43 \\\text { Equipment } & 150 \\\text { Accumulated depreciation-equipment } & 26 \\\text { Accounts payable } & 41 \\\text { Unearned service revenue } & 61 \\\text { Common stock } & 103 \\\text { Retained earnings } & 3,305 \\\text { Service revenue } & 184 \\\text { Interest revenue } & 28 \\\text { Salaries and wages expense } & 80 \\\text { Travel expense } & 33\end{array} The ending balance of retained earnings on the retained earnings statement will be


A) $3306.
B) $3220.
C) $3490.
D) $3404.

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