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Business, 02.09.2021 18:40 paulawells11

Golden Enterprises started the year with the following: Assets $121,000; Liabilities $41,500; Common Stock $71,500; Retained Earnings $8,000. During the year, the company earned revenue of $6,400, all of which was received in cash, and incurred expenses of $3,700, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2,400 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is:

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Golden Enterprises started the year with the following: Assets $121,000; Liabilities $41,500; Common...
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