Retained earnings at 1106 was 150000 and at 123106 it was , Ask an Expert

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Retained earnings at 1/1/06 was $150,000 and at 12/31/06 it was $200,000. During 2006, cash dividends of $50,000 were paid and a stock dividend of $40,000 was issued. Both dividends were properly charged to retained earnings. You provide the missing closing entry.

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Accounting Basics, Accounting

Category:- Accounting Basics
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