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10 05 Donts The company's total assets are $39,500. The following is a listing of the company's accounts and account balances as of December
10 05 Donts The company's total assets are $39,500. The following is a listing of the company's accounts and account balances as of December 31 Year 3. This company doesn't have any other accounts. Accounts Payable Accounts Receivable Supplies Equipment $ 7,700 8,000 1,700 25,500 Connon Stock 15,000 Cash Unknown Retained Earnings Unknown Required: a. Determine the balance of the Cash account. Cash b. Determine the balance of the Retained Earnings account. Retained Earings
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