Do Homework - Katelyn Gertz - Microsoft Edge https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=529084136&questionld=1&flushed=true&cld=5493483¢erwin=yes ACG-2021 Financial Accounting - Summer 2019 Katelyn Gertz Homework: Ch 1 Homework Score: 2.96 of 10 pts 7 of 15 (7 complete) HW Score: 24.39 x E1-24 (book/static) The records of Felix 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 Felix Company. You will need to determine Retained Earnings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. Assets Liabilities Equity Beginning $ 67,000 11,000 56,000 Ending 46,000 34,000 $ 12,000 - X Identify the formula and then solve for the retained earnings balance at the end of the period. i Data Table Ending equity Common Stock Ending retained earnings 12,000 11,000 = 45,000 Assets & Liabilities Equity Beginning: Common Stock $ 11,000 Assets $ 67,000 Dividends 8,000 Liabilities 11.000 Revenues 205,000 Ending: Expenses Retained Earnings, January 1 Assets $ 46,000 2018 45,00 Liabilities 34,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer 2 remaining 6:07 PM Type here to search Hi e S 5/18/2019 F7 4))) F8 29 F10 188 F1 PriSC F2 F3 F4 1 FS D FG * a # D % & 2 3 4 5 6 Q W E R T Y U O P A S D F G H K