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Posted on Jun 26, 2024

I am a bit confused as to why this document is saying the interest for the 50000 is 3000. In my calculations I got 2666.67.

Also I am very confused about retained earnings and how to journalize question i. I thought you would Dr. Dividends 200,000 Cr. divideds payable 10,000 and Cr. retained earnings $190,000

this is pertaining to document CHo3_Class

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