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Compute the retained earnings account will have a balance

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Question - Dillard Company starts the year with $10,000 in its cash account, $10,000 in its equipment account, $2,000 in accumulated depreciation and $18,000 in its retained earnings account. During the year Dillard sells the equipment for $6,890. After the sale of equipment is recorded, compute the retained earnings account will have a balance?

Reference no: EM132568279

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