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Consider the following account starting balances and journal transactions involving these accounts. Use T-accounts to record...

Consider the following account starting balances and journal transactions involving these accounts.
Use T-accounts to record the starting balances and organize the offsetting entries for the transactions.

The starting balance of Cash is $8,400
The starting balance of Inventory is $4,200
The starting balance of Retained Earnings is $23,500

Date Accounts and Explanation Debit Credit
Mar 9 Retained Earnings 2
   Cash 2
Consumed good or service and paid expense with cash
Mar 10 Cash 40
   Inventory 32
Retained Earnings 8
Sold and delivered product to customer
Mar 11 Cash 25
   Retained Earnings 25
Sold, delivered, and received payment for service with no clear associated cost

What is the final amount in Retained Earnings?

Note: No unit adjustments are necessary.

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