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The following pre-closing accounts and balances were drawn from the records of Carolina Company on...

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Accounting

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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 , Year 1 : After closing, what is the balance of the Retained Earnings account on December 31 , Year 1? Multiple Choice $2,775. $5,400 $4,475 $3.625

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