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Determine the company retained earning account balance

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Reference no: EM13493063

Jackson Corporations retained earnings account balance was 75,000 on January 1. During January, the company recorded revenue of $100,000, expenses of $60,000, and dividends of $5,000. The company also purchased land during the period for $20,000 cash.

Determine the company's Retained Earning account balance on January 31.

 

Reference no: EM13493063

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