George's Gems' December 31, 2021 balance sheet shows retained earnings of $736,234. Its 2022 budgeted income statement

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George's Gems' December 31, 2021 balance sheet shows retained earnings of $736,234. Its 2022 budgeted income statement shows net income of $106,235. The cash budget for 2022 shows financing of $20,000. Determine the retained earnings balance on George's December 31, 2022, budgeted balance sheet

Posted Date: May 18, 2024 11:14 AM

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George's Gems' December 31, 2021 balance sheet shows retained earnings of $736,234. Its 2022 budgeted income statement

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