M Company had a retained earnings balance of $4,200 on June 30, 2010. For the fiscal year ended June 30, 2011, sales were $24,000 and expenses were $12,500. Cash dividends of $2,500 were declared and distributed on June 1, 2011. What was the amount of retained earnings on June 30, 2011

$13,200

Explanation:

Retained earnings = Opening retained earnings + Net income - Dividends

Net income = Sales - Expenses

= 24,000 - 12,500

= $11,500

Retained earnings on June 30, 2011 are;

= 4,200 + 11,500 - 2,500

= $13,200

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.