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Question B-Equity Huntless Lia has me tallowing items is accounting records for the current year paid Dividends declared and paid during the year 596 000 Transfer from Retained ear wings to General reserve $12,000 Net mint for the year $35.000 5 Opening Retained earrings 850.000 Required Prepare journalentines to record items 1 2 and 3 Date Accounts Debit Credit Show the nate to the financial statements providing detalls of the movements in The Retained Earings account during the year

Question B-Equity Huntless Lia has me tallowing items is accounting records for the current year paid Dividends declared and paid during the year 596 000 Transfer from Retained ear wings to General reserve $12,000 Net mint for the year $35.000 5 Opening Retained earrings 850.000 Required Prepare journalentines to record items 1 2 and 3 Date Accounts Debit Credit Show the nate to the financial statements providing detalls of the movements in The Retained Earings account during the year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question B-Equity Huntless Lia has me tallowing items is accounting records for the current year paid Dividends declared and paid during the year 596 000 Transfer from Retained ear wings to General reserve $12,000 Net mint for the year $35.000 5 Opening Retained earrings 850.000 Required Prepare journalentines to record items 1 2 and 3 Date Accounts Debit Credit Show the nate to the financial statements providing detalls of the movements in The Retained Earings account during the year
Transcribed Image Text:Question B-Equity Huntless Lia has me tallowing items is accounting records for the current year paid Dividends declared and paid during the year 596 000 Transfer from Retained ear wings to General reserve $12,000 Net mint for the year $35.000 5 Opening Retained earrings 850.000 Required Prepare journalentines to record items 1 2 and 3 Date Accounts Debit Credit Show the nate to the financial statements providing detalls of the movements in The Retained Earings account during the year
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