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Compute the amount of Carolina retained earnings

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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 1500 common stock 1975

Land 1800 revenue 1800

Accounts payable 950 expense 1050

Required - Compute the amount of Carolina's retained earnings after closing on December 31, year 1?

Reference no: EM132481870

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