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A company provides the following information related to key relationships in financial accounting. Given Information: Revenues Expenses Beginning Retained Earnings Dividends Liabilities Common Stock
A company provides the following information related to key relationships in financial accounting. Given Information: Revenues Expenses Beginning Retained Earnings Dividends Liabilities Common Stock Required: $ 55,000 42,000 68,000 5,000 33,000 24,000 Use the information above to fill in the missing amounts in the spreadsheet, which describe the following key relationships: (1) the income statement; (2) changes in retained earnings; and (3) the balance sheet. (Hint. The amount of retained earnings reported on the balance sheet is its ending balance.) 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.
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