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Determine what the amount of retained earnings is

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Point 1: Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,000 of common stock to stockholders. Provided $4,300 of services on account. Paid $2,100 cash for operating expenses. Collected $2,900 of cash from accounts receivable. Paid a $200 cash dividend to stockholders.

Question 1: What The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is:

Reference no: EM132478406

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