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Golden Enterprises started the year with the following: Assets $106,000; Liabilites $36,000; Common 5 tock $66,000; Retained Earnings $4,000, During the year, the company earmed
Golden Enterprises started the year with the following: Assets $106,000; Liabilites $36,000; Common 5 tock $66,000; Retained Earnings $4,000, During the year, the company earmed revenue of $5,600, all of which was rocelved in cash, and incurred expenses of $3,300, all of which were unpaid as of the end of the year in addition, the company paid dividends of $1,600 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is: Multiple Cnoice $6,300 $1,600 $9,600 $4,700
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