Question
The Bailey Company had the following year-end balances in its accounts: Total assets $157,000 Total Liabilities 83,500 Total capital contributed 30,000 Total retained earnings ?
The Bailey Company had the following year-end balances in its accounts:
Total assets $157,000
Total Liabilities 83,500
Total capital contributed 30,000
Total retained earnings ?
Total Income 93,700
Total Expenses 72,400
Total Dividends 5,000
What was the BEGINNING of Bailey Company's retained earnings?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
