Adjusting entries retained earnings at 1110 was 100000 and, Ask an Expert

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Adjusting Entries: Retained earnings at 1/1/10 was $100,000 and at 12/31/10 it was $300,000. During 2010, cash dividends of $40,000 were paid and a stock dividend of $40,000 was issued. Both dividends were properly charged to retained earnings. You are to provide the missing closing entry. prepare journal entry

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971519

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