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Problem: Company ABC Year 2020 R.E. (Jan. 1, 2020) = $20,000 Cash dividends declared = 400 Cash dividends paid = 360 Net income = 7,000
Problem:
Company ABC
Year 2020
R.E. (Jan. 1, 2020) = $20,000
Cash dividends declared = 400
Cash dividends paid = 360
Net income = 7,000
- Do the journal entry for the net income
- Do the journal entry for the dividends declared
- Do the journal entry for the dividends paid
- Present the R.E. statement
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Lean Audit The 20 Keys To World Class Operations A Health Check For Factory And Office
Authors: Joerg Muenzing
1st Edition
1514817829, 978-1514817827
