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Based on the following data and assuming that the common stock account balance is $51000, what is the balance in retained earnings? Accounts payable $87000
Based on the following data and assuming that the common stock account balance is $51000, what is the balance in retained earnings?
Accounts payable | $87000 |
Accounts receivable | 66000 |
Cash | 80000 |
Inventory | 137000 |
Buildings | 161000 |
Bonds payable | 512000 |
Supplies | 9200 |
Notes payable | 62000 |
Equipment | 349000 |
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