Accounting Equation:

8. Assume that the beginning balances in the Common Stock and Retained Earnings accounts of a company were $10,000 and $1,200, respectively. The company earned revenues of $3,600, incurred expenses of $1,600, and paid dividends of $1,000 for the period. The ending balances in the Capital Stock and Retained Earnings accounts were. a. $10,000 ... ................
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