Question

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2: Cash

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Answer #1

Answer:

Calculation of retain earning :

Land = 3200

Accounts recivable =3400

Cash =4000

Total =$10,600

Less:Accounts payab. =1800

comman stock   =3900

Dividents = 2000

Retain earning =2900

Add" Profit =1000(3200-2200

Retain Earning =$3900 Answer:

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