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Previous attempt During Its first year of operation, Cade Company experienced the following events. Issued common stock for $7,000 cash. Earned $5,000 of cash revenue.
Previous attempt During Its first year of operation, Cade Company experienced the following events. Issued common stock for $7,000 cash. Earned $5,000 of cash revenue. Paid $3,000 of cash expenses. Paid cash dividends amounting to $1,000. Before closing on December 31, the balance in the retained earning account would be
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