Question: ( 4 ) Retained earnings at January 3 1 , 2 0 , amounted to $ 2 9 , 4 0 0 . LIBERTY LEGAL

(4) Retained earnings at January 31,20
, amounted to $29,400.
LIBERTY LEGAL SERVICES
Balance Sheet
January 31,20
Assets
Cash.
Accounts receivable .....
Building.......................
Equipment....................
Total assets...................
Liabilities & Owners' Equity
$ 20,000 Liabilities:
Notes payable
80,000
15,000
Accounts payable
Total liabilities
Owners'equity:
Capital Stock.
$
Retained earnings.
Total liabilities and
owners' equity
$
25,600$
$
$355,000
(4) Retained earnings at January 31,20 , amounted to $29,400. LIBERTY

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