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Elston Company compiled the following financial information as of December 31, 2017: Service revenue $900,000 Common stock 180,000 Equipment 240,000 Operating expenses 780,000 Cash 210,000
Elston Company compiled the following financial information as of December 31, 2017: Service revenue $900,000 Common stock 180,000 Equipment 240,000 Operating expenses 780,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's retained earnings on December 31, 2017 are: $570,000. $120,000 O $60,000 O $510,000 Elston Company compiled the following financial information as of December 31, 2017: Common stock $180,000 Service revenue 740,000 Equipment 240,000 Operating expenses 670,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 40,000 Accounts receivable 200,000 Retained earnings, 1/1/17 450,000 Elston's 2017 net income is: $280,000. $70,000. $160,000 O $10,000 Elston Company compiled the following financial information as of December 31, 2017: Service revenue $900,000 Common stock 180,000 Equipment 240,000 Operating expenses 780,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's total assets on December 31, 2017 are: $1,740,000. 0 $450,000 $1,020,000. O $840,000
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