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Compute the amount of juniper retained earnings

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Reference no: EM132835900

Question - The following accounts and balances were drawn from the records of Juniper Company:

Cash $5,000

Accounts Payable $4,500

Common Stock $6,000

Land $19,000

Accounts Receivable $2,000

Required - Based on this information alone, compute the amount of Juniper's retained earnings?

a. $13,500

b. $15,500

c. $21,500

d. $9,500

Reference no: EM132835900

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