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Question

ers 3a x teac xMindTap rn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take;&inprogress-faise; Retained earnings statement Knudson owns and operates Grab Bag Delvery Services. On January 1,2018, Retained Earnings had a balance of $918,000 During the year, no addional common stock was issued, and $15,000 of dividends were paid. For the year ended December 31, 2018, Grab Bag Delivery reported a net loss of $43 500. Blake he year ended December 31, 2018. it a net loss is incurred or dividends were paid, enter har amount as a negasive number t the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement Ned

Explanation / Answer

Statement of retained earnings :

Beginning retained earnings 918000 Change in retained earnings Net loss -43500 Dividend -15000 -58500 Ending retained earnings 859500

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