Question
At December 31, 2019, the accounting records of Braun Golf Club contain the following information. Account Name Balance Account Name Balance Accounts Payable $770,000 Accounts
At December 31, 2019, the accounting records of Braun Golf Club contain the following information.
Account Name | Balance | Account Name | Balance | |
Accounts Payable | $770,000 | Accounts Receivable | $360,000 | |
Land | $2,200,000 | Cash | $845,000 | |
Common Stock | $500,000 | Equipment | $900,000 | |
Retained Earnings | ? | Marketable Securities | $300,000 | |
Additional Paid-in Capital | $2,500,000 | Salaries & Wages Payable | $400,000 | |
Building | $1,800,000 | Long-term Debt | $1,500,000 |
Given the information above, retained earnings account in Braun Golf Club's balance sheet at December 31, 2019 has a balance of:
Group of answer choices
a. $3,735,000
b. $6,405,000
c. $2,670,000
d. $735,000
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
