calculate retained earnings from the following data, calculate the retained earnings balance as of december 31,2022
winirs balenez it of Docernber 31,2022 : 1022,22 Caiculate retained eamings firom tine following datz, calcolate the retained Exereise 2.14 earnings balance as of December 31.2021 : 1022,23 Calculate dividends using the accounting equation At the heginning of Exereise 2.15 Calculate dividends using the accounting equatlon At the he seging the $67,600 and Lo 2-2,2-3 liabilitien of $33,000. During the year, lubilitiex slecieased by' $5,0613. Net income for the yeir was $20,400, and net assets at the end of the year were $48,000. There were no changes in paid-in capral duriog the ye:tr. Required: Required: Calculate the divibends, if any, declared during the year. (Fint: Ser up an accounting Cquation for the beginning of the year, changes doring the year, and at the end of the ycar. Enter known data and solve for the unknorins! Here is a possible worksheet format: Calculate net income (or loss) using the accounting equation Al the acginaing enerrige a.ta of the current fiscal year, the balance sheet for Davis Co. showed liabilities of S160.000. Calculate net income (or loss) using the accounting equation Al che bcginings During the year, liabilities decreased by S9,000, assets increased by $37,000,300, and 102.223 pasid-ia capital increased from $15,00016$96,000. Dividends declared and p siil duriule the year were $12,000. At the end of the year, stockholders' equity tocalad S215,003. Ralculate net income (or loss) for the year. (Hint: Set up an acoounting oquation for the Required: beginning of the year, changes during the year, and at the end of the year Enter kamen data and solve for the unknowns. Remember, net ineome [or lass] aray not be the only item affecting retained earnings.) winirs balenez it of Docernber 31,2022 : 1022,22 Caiculate retained eamings firom tine following datz, calcolate the retained Exereise 2.14 earnings balance as of December 31.2021 : 1022,23 Calculate dividends using the accounting equation At the heginning of Exereise 2.15 Calculate dividends using the accounting equatlon At the he seging the $67,600 and Lo 2-2,2-3 liabilitien of $33,000. During the year, lubilitiex slecieased by' $5,0613. Net income for the yeir was $20,400, and net assets at the end of the year were $48,000. There were no changes in paid-in capral duriog the ye:tr. Required: Required: Calculate the divibends, if any, declared during the year. (Fint: Ser up an accounting Cquation for the beginning of the year, changes doring the year, and at the end of the ycar. Enter known data and solve for the unknorins! Here is a possible worksheet format: Calculate net income (or loss) using the accounting equation Al the acginaing enerrige a.ta of the current fiscal year, the balance sheet for Davis Co. showed liabilities of S160.000. Calculate net income (or loss) using the accounting equation Al che bcginings During the year, liabilities decreased by S9,000, assets increased by $37,000,300, and 102.223 pasid-ia capital increased from $15,00016$96,000. Dividends declared and p siil duriule the year were $12,000. At the end of the year, stockholders' equity tocalad S215,003. Ralculate net income (or loss) for the year. (Hint: Set up an acoounting oquation for the Required: beginning of the year, changes during the year, and at the end of the year Enter kamen data and solve for the unknowns. Remember, net ineome [or lass] aray not be the only item affecting retained earnings.)
