Question
During 2020, Yee Corporation reported revenues of $327,000 and expenses of $130,000, and declared cash dividends of $65,000. Retained Earnings on January 1, 2019 was
During 2020, Yee Corporation reported revenues of $327,000 and expenses of $130,000, and declared cash dividends of $65,000. Retained Earnings on January 1, 2019 was $168,000. Prepare closing entries at December 31, 2020. Calculate the balance in Retained Earnings on December 31, 2020.
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The ASQ Certified Medical Device Auditor Handbook
Authors: Scott A Laman
4th Edition
1953079962, 978-1953079961
