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9. At the beginning of January, the balance in the Retained Earnings account is $250,000 for TR Corporation. During the month of January, TR
9. At the beginning of January, the balance in the Retained Earnings account is $250,000 for TR Corporation. During the month of January, TR had the following external transactions. (a) Provide services to customers in exchange for cash $95,000 (b) Issue common stock for cash 100,000 (c) Purchase equipment and pay cash 150,000 (d) Provide services to customers on account 50,000 (e) Pay workers' salaries for the month 47,000 (f) Pay rent for the month 2,500 (g) Pay dividends to stockholders 10,000 Determine ending Retained Earnings for January 31st.
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