The much less earnings you've got, the less retained earnings you might end up with. Retained earnings can be a stockholders’ equity account, so overall fairness will decrease by $three hundred. Cash is decreasing, so total property will minimize by $300, impacting the balance sheet.While in the journal entry, Dividends provides a debit stability
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Kim Lowe is really a lead assigning editor on NerdWallet's loans workforce. She addresses shopper borrowing, which include subject areas like personal loans, buy now, fork out later and funds progress applications. She joined NerdWallet in 2016 just after fifteen decades at MSN.com, where by she held a variety of material roles which includes edito