Question
Delta Company provides consulting service. The company started it's operations on January 1, 2015. The following data was collected for the years 2015 and 2016:
Delta Company provides consulting service. The company started it's operations on January 1, 2015.
The following data was collected for the years 2015 and 2016:
Year 2015:
Consulting Service Revenue $6980
Rent Expense $946
Salary Expense $2836
Purchase of a computer $2500
Dividends $0
Year 2016:
Consulting Service Revenue $7950
Rent Expense $768
Salary Expense $2411
Dividends $1408
Required: What is the amount of the company's Retained Earnings as of December 31, 2016?
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Income Tax Planning
Authors: Thomas P. Langdon, E. Vance Grange, Michael A. Dalton
5th Edition
1936602075, 978-1936602070
