Business
Business, 17.01.2020 19:31, Nepnep682

Kolander company has the following accounts and balances at the end of the year:

long term notes payable $56,000

accounts receivable $31,000

accounts payable $38,000

building $57,000

cash and cash equivalents $82,000

salaries expense $124,500

common stock $25,000

intrest payable $1,500

land $41,000

short-term investments $7,000

income taxes payable $10,000

equipment $61,500

what is the amount of retained earnings at the end of the year?

a. $60,000

b. 105,500

c. 184,000

d. 165,500

answer
Answers: 3

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Kolander company has the following accounts and balances at the end of the year:

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