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# Retained Earnings

# Retained Earnings

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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# Retained Earnings
Transcribed Image Text:# Retained Earnings
Selected year-end account balances from the adjusted trial balance as of December 31, 2025, for Blue Spruce Corporation is provided below. Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense Debit $62,440 22,620 11,350. 183,010 78,350 3,100 1,200 Credit $45,580 98,730 19,690 158,070 5.330 53,150
Transcribed Image Text:Selected year-end account balances from the adjusted trial balance as of December 31, 2025, for Blue Spruce Corporation is provided below. Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense Debit $62,440 22,620 11,350. 183,010 78,350 3,100 1,200 Credit $45,580 98,730 19,690 158,070 5.330 53,150
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