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Consider the following account starting balances and journal transactions involving these accounts. Use T - accounts to record the starting balances and organize the offsetting
Consider the following account starting balances and journal transactions involving these accounts.
Use Taccounts to record the starting balances and organize the offsetting entries for the transactions.
The starting balance of Cash is $
The starting balance of Inventory is $
The starting balance of Retained Earnings is $
What is the final amount in Retained Earnings?
Note: No unit adjustments are necessary.
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