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The Following Selected Transactions Took Place During the Current Year

Question 93

Essay

The following selected transactions took place during the current year for a company:
(a) Prepare the journal entries for these transactions.
(b) If Retained Earnings had a $75,000 credit balance on January 1, calculate its year-end
balance as of December 31.
The following selected transactions took place during the current year for a company: (a) Prepare the journal entries for these transactions. (b) If Retained Earnings had a $75,000 credit balance on January 1, calculate its year-end balance as of December 31.

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