Kolander company has the following accounts and balances at the end of the year:
long t...
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
Answers: 3
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