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At the beginning of Year 2 Clair Company had a $5,500 balance in its retained earnings account. During January of Year 2 Clair earned $2,000
At the beginning of Year 2 Clair Company had a $5,500 balance in its retained earnings account. During January of Year 2 Clair earned $2,000 of revenue and incurred $1,400 of expenses. Based on this information, the balance in retained earnings account on January 31, Year 2 is
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