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Based on the Information Provided, Prepare the Statement of Retained

Question 108

Essay

Based on the information provided, prepare the statement of retained earnings.
1. On June 1 2013, Accounting Consulting incorporated.
2. Accounting Consulting issued 500 shares at $20 per share.
3. In their first month, they have earned $10,000 in revenue.
4. In their first month, they incurred $6,000 in expenses.

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Accounting Consulting Incorpor...

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