MC Qu. 126 The following information is available for...
The
following information is available for the Travis Travel Agency. After
the closing entries have been journalized and posted, what will be the
balance in the Retained Earnings account?
 | $65,000 |
| $80,000 | |
| → | $130,000 |
| $145,000 | |
| $280,000 |
$80,000 + $125,000 - $60,000 - $15,000 = $130,000
