During 2022, its first year of operations, Nash's Trading Post, LLC had revenues of $96200 and expenses of $48840. The business paid cash dividends of $26640. What is the balance in Retained Earnings at December 31, 2022? $0 $20720 credit $47360 credit $26640 debit If a company issues common stock for $37600 and uses $28200 of the cash to purchase a tro, assets will be increased by $9400. assets will be increased by $37600 equity will be reduced by $37600. assets will be unchanged Blue Spruce Corp's trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $16240 810 4060 3250 4870 6260 810 33640 20300 What amount did Blue Spruce Corp's trial balance show as total credits? $48830 $48020 $47210 $49640 The accountant for Blossom Company should have recorded the following correct entry: Jan. Notes Receivable 287 15 Equipment 287 Instead, he misunderstood the transaction and recorded an incorrect entry. Which of the following wrong entries pertaining to this transaction could have been detected as erroneous when using a trial balance? Jan 15 Notes Payable 287 Cash 287 Jan 15 Notes Receivable 276 Equipment 276 Jan 15 Equipment 287 Notes Receivable 287 Jan 15 Notes Receivable 287 Equipment 276 View Policies Current Attempt in Progress At September 1.2022. Coronado Industries reported a cash balance of $131600. During the month Coronado collected cash of $56400 and made disbursements of $94000. At September 30, 2022, the cash balance is $37600 credit $94000 credit $94000 debit $188000 debit. During February 2022, its first month of operations, the owner of Novak Corp. invested cash of $122000. Novak had cash sales of $24400 and paid expenses of $42700. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28, 2022? $18300 credit $103700 debit $79300 credit 5146400 debit In the first month of operations, the total of the debit entries to the Cash account amounted to $7980 and the total of the credit entries to the Cash account amounted to $4560. At the end of the month the Cash account has a $7980 debit balance. $4560 credit balance. $3420 credit balance $3420 debit balance