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Save Love Company's accounting records show an after-closing balance of $2000 in its Retained Earnings account on December 21 Year 5. During the Year 5
Save Love Company's accounting records show an after-closing balance of $2000 in its Retained Earnings account on December 21 Year 5. During the Year 5 accounting cycle, Love earned $18.500 of revenue, incurred $10,900 of expense, and paid $3.200 of dividends Revenues and expenses were recognized evenly throughout the accounting period Required .. Determine the balance in the Retained Earnings account as of January 1 Year 6. b. Determine the balance in the temporary accounts as of January 1 Year 5. c. Determine the after closing balance in the Retained Earnings account as of December 31 Year 4 d. Determine the balance in the Retained Earnings account as of June 30, Year 5. a Balance in the retained earnings January 1 Year 6 Balance in the temporary accounts, January 1 Year 5 C Closing retained earnings, December 31 Year 4 d Balance in the retained earnings, June 30 Years
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