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What the amount of juniper retained earnings is

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Reference no: EM132823528

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

Problem 1: Based on this information alone, the amount of Juniper's retained earnings is:

a.$13,500

b.$15,500

c.$21,500

d.$9,500

Reference no: EM132823528

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