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Love Company's accounting records show an after-closing balance of $20,100 in its Retained Earnings account on December 3 Yeer During the Year 2 accounting cycle,

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Love Company's accounting records show an after-closing balance of $20,100 in its Retained Earnings account on December 3 Yeer During the Year 2 accounting cycle, Love earned $16,500 of revenue, incurred $9.900 of expense, and pald $2,200 of dividends Revenues and expenses were recognized evenly throughout the accounting period. Required a. Determine the balance in the Retained Earnings account as of January 1, Year 3 b. Determine the balance in the temporary accounts as of January 1, Year 2. c. Determine the after-closing balance in the Retained Earnings account as of December 31, Year 1 d. Determine the balance in the Retained Earnings account as of June 30, Year 2 a. Balance in the retained earnings, January 1, Year 3 b. Balance in the temporary accounts, January 1, Year 2 C. | Closing retained earnings, December 31, Year 1 d. Balance in the retained eamings, June 30, Year 2 es Next> K Prey 7 of 10

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