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Assets $ 19,075 Liabilities 14,125 Shareholders' Equity 4,950 Revenue 10,750 Expenses 9,325 Net income 1,425 Dividends 550 Beginning Retained Earnings 3,925 Ending Retained Earnings 4,800
Assets | $ | 19,075 | |
Liabilities | 14,125 | ||
Shareholders' Equity | 4,950 | ||
Revenue | 10,750 | ||
Expenses | 9,325 | ||
Net income | 1,425 | ||
Dividends | 550 | ||
Beginning Retained Earnings | 3,925 | ||
Ending Retained Earnings | 4,800 | ||
Cash Flows from Operating Activities | 1,750 | ||
Cash Flows from Investing Activities | (1,075 | ) | |
Cash Flows from Financing Activities | (1,000 | ) | |
Beginning Cash | 1,200 | ||
Ending Cash | 875 |
Show that the balance sheet is in balance.
Show that net income is properly calculated.
Determine caused changes in the retained earnings account.
Determine caused changes in the cash account. (Negative amounts should be indicated by a minus sign.)
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