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As of December 31.2014. Post Company had total cash ot $156.000. notes payable of $85.600. and common stock of $52,400 During 2015, Post earned $36.000

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As of December 31.2014. Post Company had total cash ot $156.000. notes payable of $85.600. and common stock of $52,400 During 2015, Post earned $36.000 of cash revenue, pad $20.000 for cash expenses, and paid a $3,000 cash dividend to the stockholders Determine the amount of retained earnings as of Deferrer 31. 2014 Create an accounting equation and record the beginning account balances. revenue, expense, and dividend events under the appropriate elements of the accounting equation

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