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Given the Following Adjusted Tabular Summary Amounts What Is the Amount of the Ending Retained Earnings on r

Question 57

Multiple Choice

Given the following adjusted tabular summary amounts:  Cash $1,662 Accounts receivable 2,098 Inventory 3,124 Prepaid rent 86 Equipment 300 Accumulated depreciation-equipment 52 Accounts payable 82 Unearned service revenue 172 Common stock 206 Retained earnings 6,610 Service revenue 318 Interest revenue 56 Salaries and wages expense 160 Travel expense 66\begin{array} { l r } \text { Cash } & \$ 1,662 \\\text { Accounts receivable } & 2,098 \\\text { Inventory } & 3,124 \\\text { Prepaid rent } & 86 \\\text { Equipment } & 300 \\\text { Accumulated depreciation-equipment } & 52 \\\text { Accounts payable } & 82 \\\text { Unearned service revenue } & 172 \\\text { Common stock } & 206 \\\text { Retained earnings } & 6,610 \\\text { Service revenue } & 318 \\\text { Interest revenue } & 56 \\\text { Salaries and wages expense } & 160 \\\text { Travel expense } & 66\end{array} What is the amount of the ending retained earnings on the retained earnings statement?


A) $6610
B) $6984
C) $6384
D) $6758

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