Murray glass company beginning of year retained earnings, Ask an Expert

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Murray Glass Company beginning of year retained earnings balance was $113,200. The corporation declared and paid $77,600 during the year and ended the year with a $146,000 balance. What was Murray Glass Company's net income or loss for the year?
a. What is the journal entry when dividends are PAID?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975788

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