Principles of Accounting Test 1

January 1, 2017           January 1, 2018 Total Assets                            $427,000                     $452,000 Total Liabilities                       57,000             67,500 Retained Earnings                               ?                                  ? Common. Stock                      115,000                       115,000 Dividends                                                                   (35,000) Revenues                                                                     311,000 Expenses                                                                                 ?   What is the amount in Retained Earnings on … Continued

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