Davis Company was started on January 1, 2014. During the month of January, Davis earned $5,800 of revenue and incurred $3,600 of expenses. During the remainder of 2014, Davis earned $58,000 and incurred $48,000 of expenses. Davis closes its books on December 31 of each year.

Determine the balance in the Retained Earnings account as of January 31, 2014.

retained earnings:

determine the balance in the Revenue and Expense accounts as of January 31, 2014.

revenu:

expense:

Determine the balance in the Retained Earnings account as of December 31, 2014, before closing.

retained earnings:

Determine the balances in the Revenue and Expense accounts as of December 31, 2014, before closing.

revenue:

expense:

determine the balance in the Retained Earnings account as of January 1, 2015.

retained earnings:

Determine the balance in the Revenue and Expense accounts as of January 1, 2015.

revenue:

expense: