Question
D Question 22 2 pts Sinclair Storage Company began the year with $84,000 in its Common Stock account and a beginning balance in Retained Earnings
D Question 22 2 pts Sinclair Storage Company began the year with $84,000 in its Common Stock account and a beginning balance in Retained Earnings of $36,000 During the year, the comparty earned net income of $18,000 and declared and paid $6.000 of dividends. In addition the company sold additional common stock amounting to $22,000. Based on this information, what is Sinclair Storage Company's total stockholders' equity balance at the end of the year O $166,000 O $154,000 O $82.000 $110,000 D Question 23 2 pts Josh's Juice Bar uses accrual accounting and issues financial statements every month. On January 1. 2020, the juice bar collects $500 cash for juice bars that will be delivered on February 15, 2020. The juice bar's required entry on January 1, 2020 results in a O5500 decrease in stockholders casty Ono change in total assets $500 increase in Uneanied Revenue O $500 increase in Revenue
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