Question: M Company had a retained earnings balance of 4 200 on

M Company had a retained earnings balance of $4,200 on June 30, 2010. For the fiscal year ended June 30, 2011, sales were $24,000 and expenses were $12,500. Cash dividends of $2,500 were declared and distributed on June 1, 2011.
What was the amount of retained earnings on June 30, 2011?


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  • CreatedSeptember 01, 2014
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