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For June,Team Shirts Had a Beginning Balance in Its Retained

Question 34

Multiple Choice

For June,Team Shirts had a beginning balance in its Retained earnings account of $500.Net income for the month was $875.Team Shirts paid dividends of $200.The ending balance in Retained earnings was ________.


A) $675
B) $1,575
C) $1,175
D) $1,375

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