Kincaid company's retained earnings balance on january 1 was $9,000. during the current year, kincaid earned $3,100 in revenues and incurred $4,300 in expenses. kincaid declared and paid $3,000 in dividends, all in cash. after the closing entries are made, kincaid's retained earnings balance on december 31 will be:
a) $7,800.
b) $9,100.
c) $9,000.
d) $4,800.
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Kincaid company's retained earnings balance on january 1 was $9,000. during the current year, kincai...
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