Columbia Construction Company earned $451,888 during the year ended June 30, 2013. After paying out $225,794 in

Question:

Columbia Construction Company earned $451,888 during the year ended June 30, 2013. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its on July 1, 2010?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...