FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the Ending Retained Earnings Balance, given; Cash=$20,000, Accounts Payable=$30,000, Beginning Retained Earnings=$35,000, Contributed Capital=$50,000, Dividends=$9,000, Inventory=$11,000, Revenues= $40,000, Taxes Payable=$22,000, Expenses=$12,000. O $76,000 None

image text in transcribed
Compute the Ending Retained Earnings Balance, given; Cash=$20,000, Accounts Payable=$30,000, Beginning Retained Earnings=$35,000, Contributed Capital=$50,000, Dividends=$9,000, Inventory=$11,000, Revenues= $40,000, Taxes Payable=$22,000, Expenses=$12,000. O $76,000 None of these Choices $54,000 $66,000 $74,000 $104,000 O $26,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Audit Quality Developing A Quality Assurance And Improvement Program

Internal Audit Quality Developing A Quality Assurance And Improvement Program

Authors: Sally-Anne Pitt

1st Edition

ISBN: 1118715519, 978-1118715512

More Books

Students also viewed these Accounting questions

Question

★★★★★
Allowance Method of Accounting for Bad DebtsComparison of the Two Approaches Kandel Company had the following data available for 2010 (before making any adjustments): Accounts receivable, 12/31/10...

Answered: 1 week ago

Question

★★★★★
Explain the check the box election. Prior to this election, how did the IRS determine whether a business was taxed at the entity level or as a pass through entity?

Answered: 1 week ago

Question

★★★★★
Summarize the material on the unique concerns that women of color bring to a psychotherapy session. Why must therapists acknowledge individual differences within every ethnic group?

Answered: 1 week ago

Question

★★★★★
Pratt & Whitney, a major aircraft engine manufacturer, wants to re-evaluate the transportation mode it uses to send unfinished parts to its joint-venture facility' in Chengdu, China.6 Annual demand...

Answered: 1 week ago

Question

★★★★★
With respect to the types of information systems used in organizations, a word processor is an example of a ( n ) _ _ _ _ _ _ _ _ system.

Answered: 1 week ago

Question

★★★★★
Planner Corporation owns 60 percent of Schedule Companys voting shares. During 20X3, Planner produced 31,000 computer desks at a cost of $86 each and sold 16,000 of them to Schedule for $98 each....

Answered: 1 week ago

Question

★★★★★
The following data are for Paso Robles Company for the year ended 2009 December 31: COSTS : DIRECT MATERIAL$90000 DIRECT LABOR130000 MANUFACTURING OVERHEAD : VARIABLE45000 FIXED90000 SALES COMMISSION...

Answered: 1 week ago

Question

★★★★★
The analyzing of organizations in the lens of this theory features the use of asking questions in order to gage the health of the organization. One of the questions often asked with the use of this...

Answered: 1 week ago

Question

★★★★★
You have configured a switch. You have set the IP on VLAN500. The uplink port which is connected t the router is also in VLAN500. You have just connected 3 devices to the switch ports. The devices...

Answered: 1 week ago

Question

★★★★★
Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $215,000. He sold the home on January 1, 2023, for $242,900. How much gain must Troy recognize on his home sale in...

Answered: 1 week ago

Question

★★★★★
6. Assume the following HFC corporate bond trades on the GSE has a face value of GH1000 Bond HFC 9s29 Current yield ? Volume 500 Close 10512 Net change -14 a. How much does this bond pay every six...

Answered: 1 week ago

Question

★★★★★
What do you think of social media as a recruitment tool? Give an example of this activity.

Answered: 1 week ago

Question

★★★★★
Of the building blocks in the competency model, which competency level is the most important and why?

Answered: 1 week ago

Question

★★★★★
Discuss different selection tests. Have you ever taken a selection test? Do you think these tests are a good way to select employees? Defend your answer. cussion Boards

Answered: 1 week ago

Previous QuestionNext Question