What was their retained earnings balance on december

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Problem

Bellingham began 2019 with $240,000 in owner's equity. During the year they issued $30,000 in new common stock and paid $10,000 in dividends. Get the instant assignment help. If their net income for 2019 was $40,000, what was their retained earnings balance on December 31, 2018?

Reference no: EM133927408

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What was their retained earnings balance on december : Bellingham began 2019 with $240,000 in owner's equity. What was their retained earnings balance on December 31, 2018?

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