Question
amber company had the following data retained earnings, January 1,2015 $45,000 Depreciation expense for 2015 $7,000 cost of goods sold for 2015 $102,000 paid in
amber company had the following data
retained earnings, January 1,2015 $45,000
Depreciation expense for 2015 $7,000
cost of goods sold for 2015 $102,000
paid in capital, jan 1 2015 $26,000
rent expense for 2015 $12,000
sales for 2015 $194,000
dividends declared in 2015 $15,000
wage expense for 2015 $40,000
prepaid rent Jan. 1, 2015 $2000
What is the balance in retained earnings on dec. 31, 2015?
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
