Lucky Worldwide Travel Services, Inc. had Retained Earnings on November 30 of $2,442,871. Net Income for the

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Lucky Worldwide Travel Services, Inc. had Retained Earnings on November 30 of $2,442,871. Net Income for the month of December was $219,137. Also, in December, the following additional transactions took place:

Dividends were paid out to shareholders in the amount of $108,014.

10,000 new shares of common stock were sold at $18 per share.

Principal on the auto loan was paid in the amount of $4,500

What was Lucky's Ending Retained Earnings Balance on December 31?

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Financial Accounting

ISBN: 978-0134727790

5th edition

Authors: Robert Kemp, Jeffrey Waybright

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Posted Date: Apr 28, 2023 12:42 AM

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Lucky Worldwide Travel Services, Inc. had Retained Earnings on November 30 of $2,442,871. Net Income for the

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Financial Accounting

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