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On January 1, a company had these assets, liabilities and equity: Cash 100 Inventory 140 Accounts Payable 70 Paid in Capital 150 Retained Earnings 20
On January 1, a company had these assets, liabilities and equity:
Cash 100
Inventory 140
Accounts Payable 70
Paid in Capital 150
Retained Earnings 20
During the year, the company entered into the following transactions:
Sold inventory costing 120 for a total of 140; cash of 30 was recieved , and the remaining 110 was put on the account,
Paid cash for rent of 35
paid cash dividends of 10
what is this company's total equity at the end of the year?
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