Financial information related to Coil Company for the month ended June 30, 20Y7, is as follows: Net

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Financial information related to Coil Company for the month ended June 30, 20Y7, is as follows:

Net income for June .........$230,000

Dividends during June ........ 45,000

Retained earnings, June 1, 20Y7 .... 615,000

Prepare a retained earnings statement for the month ended June 30, 20Y7.

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Survey of Accounting

ISBN: 978-1285183480

7th edition

Authors: Carl S. Warren

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Question Posted: Mar 11, 2014 10:11 AM

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Financial information related to Coil Company for the month ended June 30, 20Y7, is as follows: Net

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