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first picture, not sure if the other two are needed for this question Ivanhoe's retained earnings were $ 15,480 at the beginning of the year.
first picture, not sure if the other two are needed for this question Ivanhoe's retained earnings were $ 15,480 at the beginning of the year. The company reported revenues of $ 255,205, expenses of $ 239,510, and dividends declared of $ 12,900 during the year. Prepare a calculation that proves how retained earnings of $ 18,275 at the end of the year were determined. Beginning balance in Retained Earnings $ $ Revenues Expenses Dividends declared Ending balance in Retained Earnings Ivanhoe Limited reports the following selected asset, liability, and shareholders' equity accounts, in alphabetical order: Accounts payable $ 13,416 Accounts receivable 11,266 Bank loan payable 27.520 Cash 8,041 Common shares 17,200 Deferred revenue 1,548 Equipment 26. Income tax payable 1,548 Intangible assets 4,300 Interest payable 258 Inventory 7.912 Prepaid insurance 860 Retained earnings 18,275 Salaries payable 602 Supplies 2.408 Vehicles 19.350
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