1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8 [The following information applies to...
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1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8 [The following information applies to the questions displayed below.] Pratt Corporation started the Year 2 accounting period with total assets of $29,000 cash, $11,500 of liabilities, and $14,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15,550. The bookkeeper reported that Pratt paid cash expenses of $30,500 and paid a $2,900 cash dividend to stockholders, but she
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