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Unformatted text preview: Accounts Payable $7,000 $5,000 Notes Payable $1,000 $7,000 Common Stock $3,000 $2,000 Retained Earnings $16,000 $9,000 Total Liabilities & Stockholders' Equity $27,000 $23,000 The change n retained earnings was due to net income of $10,000 and payment of $3,000 of dividends $(4,000.00)...
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