Based on the following adjusted trial balance:
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Based on the following adjusted trial balance:

Peak Corporation

Adjusted Trial Balance

As of

December 31, 2018

 

Debit

Credit

Cash

$ 800

 

Accounts Receivable

200

 

Inventory

3,000

 

Building

30,000

 

Accumulated Depreciation

 

 $ 2,000

Notes Payable

 

1,000

Common Stock

 

21,000

Retained Earnings

 

6,000

Dividends

2,000

 

Revenues

 

8,000

Selling and Administrative Expense

1,000

 

Insurance Expense

    1,000

              

 

$ 38,000

$ 38,000

Determine the amount that will be reported as retained earnings on the post-closing trial balance.

Group of answer choices



$2,000


$10,000


$6,000


$14,000


$9,000

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