DQuestion 15 ABC Company had the following balances at the beginning of the accounting period: Common Stock $1,200 Retained Earnings $1.320 ABC Company had the following transactions during the accounting period: (assume all transactions are cash transactions) Issued Common Stock Paid Cash Dividends $300 $600 Purchased Land $500 Incurred Operating Expenses $1.050 Borrowed Cash from the Bank $500 Paid Principal on Note Payable $200 Performed Services for Customers $1.200 What value would be reported on the Statement of Changes in Stockholders' Equity for the ending Retained Earnings balance for this accounting period? $1.470 $870 $1.170 $1,770 Previous Next