the jamery goods company has the following account balances bonds payable due 2016 4375888

The Jamery Goods Company has the following account balances:

Bonds payable, due 2016 ………………………………..$100,000

Inventory ………………………………………………………. 30,000

Dividends ……………………………………………………… 10,000

Accounts payable …………………………………………… 20,000

Cash …………………………………………………………….. 200,000

Accounts receivable ……………………………………….. 60,000

Accumulated depreciation-Cars ………………………….. 30,000

Income taxes payable ………………………………………… 15,000

Common shares ………………………………………………… 120,000

Net income ………………………………………………………. 50,000

Cars ………………………………………………………………… 75,000

Opening retained earnings ………………………………….. 40,000

Required:

Prepare a statement of retained earnings using whichever of the preceding accounts you need from the December 31, 2010, books of the Jamery Goods Company.

The Jamery Goods Company has the following account balances Bonds payable

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