december 31 2018 and total stockholders equity

6 of 10 (6 complete) HW Sc! Homework: Chapter 1 Homework Score: 4.07 of 5 pts %E1-24 (similar to) The records of Mercier Company show the following at December 31, 2018 Click the icon to view the data.) Read the requirements S Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Mercier Company (Abbreviations used Bogne retained earnings, End retained camnings Ending retained earnings) Beg retained earnings + Revenues End retained earnings Dividends = Expenses 3.000 $ 216,000 14.000 $ 2000 = S 203,000 Requirement 2. Did Mercier eam a net income or suffer a net loss for the year? Compute the amount Identity the formula and then solve for Meehan's net income or loss for the period (Use a minus sign or parentloses for a loss Ending assets Net income (los) Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing DUN er 1 Homework 6 of 10 (6 complete) e followi -X Data Table Assets & Liabilities: ons hange in = Endin s Beginning: Assets evenues $ 12,000 2,000 216,000 216,000 Liabilities Equity: Common Stock $ 63,000 Dividends 48,000 Revenues Expenses Retained Earnings, January 1, $ 58,000 2018 32,000 2 income or Ending: 3,000 Meehan's Assets Liabilities Print Done umber in the Clear All x E1-24 (similar to) The records of Mercier Company show the following at December 31, 2018 Click the icon to view the data) Read the requirements Requirement 1. Compute the missing amount for Mercier Company. You will need to determine Retained Earnings, December 31, 2018, and total stockholder Begin by determining total stockholders' equity Rework the accounting equation and then solve for stockholders' equity ("equity) at the beginning and end of Assets Liabilities Equity Beginning $ 63,000 $ 48,000 15,000 Ending $ 58.000 32,000 20,000 Identify the formula and then solve for the retained earnings balance at the end of the period Ending equity Common Stock Ending retained earnings 25,000 12,000 = 5 14,000 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All The records of Mercier Company show the following at December 31, 2018: Click the icon to view the data) Read the requirements Rearrange the formula to compute the change in retained earnings and then solve for the missing expense amount for Mercier Company (Abbreviations retained earnings, End, retained earnings = Ending retained earnings.) Beg retained earnings Revenues End retained earnings Dividends Expensos $ 3,000 216,000 14,000 5 2000 ES 203,000 Requirement 2. Did Mercier eam a net income or suffer a not loss for the year? Compute the amount Identity the formula and then solve for Mochan's net income or loss for the period. (Use a rhinus sign or parentheses for a loss) Ending assets Not income (loss) Choose from any list or enter any number in the input fields and then click Check