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At September 1, 2014, Fitz Inc. reported Retained Eumings of $1,692,000. During the month, Fitzgenerated revenues of $240,000, incurred expenses of $144,000, purchased equipment for
At September 1, 2014, Fitz Inc. reported Retained Eumings of $1,692,000. During the month, Fitzgenerated revenues of $240,000, incurred expenses of $144,000, purchased equipment for $60,000 and paid dividends of $24,000. What is the balance in Retained Earnings st September 30, 20142 a 596,000 credit dT b. 51,764,000 credit de fo C 51,704,000 credit d. 51.692.000 debit e. None of the above
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