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Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0, and the owner invested $14,000 cash in the
Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0, and the owner invested $14,000 cash in the company on December 2 in exchange for common stock. METRIX Statement of Retained Earnings Retained earnings, December 11 s Add: Net income Less Dividends 0 2,600 Retained earnings; December 311 S -2,600
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