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Determine what the amount of carolina retained earnings

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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1:

Cash $ 1,400

Accounts receivable $ 950

Dividends $ 700

Common stock $ 1,175

Land $ 1,000

Revenue $ 1,000

Accounts payable $ 550

Expense $ 650

Question 1: Determine what The amount of Carolina's retained earnings after closing on December 31, Year 1 was:

Reference no: EM132478404

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