The Doctrine of Ancient Lights has been adopted in the United States

The following is the adjusted trial balance for Becker Photography

Accounts Debit Credit Cash $88,600 Accounts Receivable 29,000 Prepaid Insurance 3,500 Office Supplies 3,200 Building 130,000 Accumulated Depreciation-Building $17,500 Equipment 77,000 Accumulated Depreciation-Equipment 9,000 Land 47,000 Accounts Payable 25,000 Salaries Payable 5,000 Unearned Revenue 27,000 Mortgage Payable 103,000 Common Stock 16,000 Retained Earnings 11,500 Dividends 25,000 Service Revenue 301,000 Salaries Expense 62,000 Depreciation Expense-Building and Equipment 6,200 Supplies Expense 11,000 Insurance Expense 14,500 Utilities Expense 18,000 Total $515,000 $515,000 After the closing entries, what will the final balance in Retained Earnings be? A) $25,000 B) $216,800 C) $27,500 D) $175,800

A(n) ________ refers to permission that an administrative agency grants to persons or businesses to conduct certain types of commerce or professions

A) easement B) license C) letter of credit D) arraignment