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Business, 20.02.2020 20:00 grumpygirl0720

Using the income statement for Paradise Travel Service shown in Basic Exercise 1-4, prepare a retained earnings statement for the year ended May 31, 2018. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $300,000.

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Using the income statement for Paradise Travel Service shown in Basic Exercise 1-4, prepare a retain...

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