Based on the following data and assuming that the common stock account balance is 48000,...
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Accounting
Based on the following data and assuming that the common stock account balance is 48000, what is the balance in retained earnings?
accounts payable 60000
accounts receivable 5000
cash 7000
inventory 130000
buildings 150000
bonds payable 500000
supplies 8000
notes payable 56000
equipment 340000
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