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What was bailey companys beginning retained earnings

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Question - Bailey Company had the following year-end balances in their accounts:

Total Assets $157,000

Total Liabilities 83,500

Total Contributed Capital 30,000

Total Retained Earnings ?

Total Revenues 93,700

Total Expenses 72,400

Total Dividends 5,000

Required - What was Bailey Company's BEGINNING Retained Earnings?

Reference no: EM132561452

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