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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2:(image) What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? A)5,975 B)4,825 C)7,200

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2:(image) What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? A)5,975 B)4,825 C)7,200

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 6E
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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2:(image)

What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2?

A)5,975

B)4,825

C)7,200

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