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Given the following information for Sourtap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $185,000 Salaries expense $75,500 Revenue $190,500
Given the following information for Sourtap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $185,000 Salaries expense $75,500 Revenue $190,500 Accounts receivable $13,400 Cash $7,800 Rent expense $14,000 Admin expense $50,000 Supplies expense $1,700 Bank loan payable $50,000 Dividends $5,000 Common shares $10,000 (do not include the ", or " $ " in your answer.)
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