Question: Julia notes she currently has a debit Retained Earnings balance of $110,000. Assuming she expects to earn profits of $50,000 this year and pay dividends

Julia notes she currently has a debit Retained Earnings balance of $110,000. Assuming she expects to earn profits of $50,000 this year and pay dividends totaling $10,000 to her investors, Julia will end up with a debit / credit Retained Earnings balance of $ . .

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