Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jun 28, 2024

Hello can you please help me solve this question, I dont understand how to do it AdjustedTrial Balance Account Title Debit Credit Dividends ? Revenues

Hello can you please help me solve this question, I dont understand how to do it

AdjustedTrial Balance

Account Title Debit Credit

Dividends ?

Revenues 141,000

Salary Expense 33,000

Rent Expense 18,000

Depreciation Expense 15,000

Above information is a part of adjusted trial balance related with closing entries. After closing entries, retained earnings increase by 60,000. How much are dividends in the adjusted trial balance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

McGraw Hills Conquering SAT Math

Authors: Robert Postman, Ryan Postman

2nd Edition

9780071493413

Students also viewed these Accounting questions

Question

A study by Meltzer et al. (A-27) examined the response to 5 mg desloratadine, an H1-receptor antagonist, in patients with seasonal allergies. During the fall allergy season, 172 subjects were...

Answered: 1 week ago

Question

★★★★★

Lance Co. purchased $36,000 of 6%, 10-year Bergen County bonds on July 12, 2010, directly from the county at par value. The bonds pay semiannual interest on May 1 and November 1. On December 1, 2010,...

Answered: 1 week ago

Question

★★★★★

Swifty Corporation developed the following information about its inventories in applying the lower-of-cost-or-net-realizablevalue(LCNRV) basis in valuing inventories: After Swifty Corporation applies...

Answered: 1 week ago

Question

★★★★★

How can a company effectively communicate changes in company policies to a diverse group of employees, some of whom may not speak the same language as the majority of the workforce and may not have...

Answered: 1 week ago

Question

★★★★★

An aluminium rod is a total of 900mm long and 50mm in diameter. Part of this bar is turned down to 40mm diameter for a length of 50mm each end. Calculate the total elongation when subjected to an...

Answered: 1 week ago

Question

★★★★★

Mr. Manalo opened a mini grocery store with Business name Manalo Trading. Operations began on April 1, 2021, and the following transactions were completed during the month: 1 Mr. Manalo withdrew...

Answered: 1 week ago

Question

★★★★★

Sharon contributes 5% of her annual earnings of $40,000.00 to her defined contribution pension plan. Her employer matches her contributions. Calculate Sharon's pension adjustment

Answered: 1 week ago

Question

★★★★★

Complete business activity and instalment activity statements in Australia Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the...

Answered: 1 week ago

Question

★★★★★

14. A cylinder whose radius is 2 inches is removed from the right prism as shown. The ends of the prism have the shape of an equilateral triangle whose sides are 8 inches long. Find the volume of the...

Answered: 1 week ago

Previous Question Next Question