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(1) (2) (3) (4) If the assets of a business are $360,000 and the liabilities are $110,000, how much is the equity? If the equity
(1) (2) (3) (4) If the assets of a business are $360,000 and the liabilities are $110,000, how much is the equity? If the equity in a business is $140,000 and the liabilities are $130,000, how much are the assets? A company reported monthly revenues of $300,000 and monthly expenses of $65,000. What is the result of operations for the month? If the beginning balance of retained earnings is $190,000, revenue is $95,000, expenses total $65,000, and the company declares and pays a $9,000 dividend, what is the ending balance of retained earnings? for the month. Revenues = Expenses 65,000 Net income (loss) 235,000 $ 300,000 $ (4) If the beginning balance of retained earnings is $190,000, revenue is $95,000, expenses total $65,000, and the company declares and pays a $9,000 dividend, what is the ending balance of retained earnings? Let's begin by selecting the labels in the summarized statement of retained earnings and then enter the amounts to calculate the ending balance of retained earnings for the company. (Include a subtotal after the "Add" line of the statement.) Statement of Retained Earnings Beginning retained earnings 1,90,000 2,35,000 Add: Net income for the period Subtotal Less: Dividends declared (9,000) Ending retained earnings Choose from any list or enter any number in the input fields and then click Check
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