Question
The following preclosing accounts and balances were drawn from the records of Carolina company on December 31, year 1: cash 3,000 accounts receivable 1350 dividends
The following preclosing accounts and balances were drawn from the records of Carolina company on December 31, year 1:
cash 3,000 accounts receivable 1350
dividends 1500 common stock 1975
land 1800 revenue 1800
accounts payable 950 expense 1050
The amount of Carolina's retained earnings after closing on December 31, year 1 was:
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
