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Given the information below answer these three questions: 1) What is your Total Asset balance? 2) What is your balance in Retained Earnings( after
Given the information below answer these three questions: 1) What is your Total Asset balance? 2) What is your balance in Retained Earnings( after closing entries)? 3) What is your ending Cash balance? Input answers with just numbers no commas or decimals. Given: (Assume no adjusting journal entries) a. Opened business by investing $130,000 in no par common stock. b. Billed customer for services performed, $14,000. c. Paid for advertisements in advance, $2,500. d. Received telephone bill to be paid next month, $800. e. Owner declared and paid dividends $1,000..
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