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Save & Exit Golden Enterprises started the year with the following: Assets $119,000, Liabilities $41,000: Common Stock $71,000; Retained Earnings $7,000. During the year, the
Save & Exit Golden Enterprises started the year with the following: Assets $119,000, Liabilities $41,000: Common Stock $71,000; Retained Earnings $7,000. During the year, the company earned revenue of $6.300, all of which was received in cash, and incurred expenses of $3,650, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2.300 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is: 05 Mumple Choice $7350 $9,650 $13300 $2,300 here to search O All E 54 PM 5/21/2000
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