Question
Here are incomplete financial statements for Oriole Company. Calculate the missing amounts. ORIOLE COMPANY Balance Sheet Assets Cash Inventory Buildings Total assets $ 12,600
Here are incomplete financial statements for Oriole Company. Calculate the missing amounts. ORIOLE COMPANY Balance Sheet Assets Cash Inventory Buildings Total assets $ 12,600 15,600 39,400 $67,600 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,700 Stockholders' Equity Common stock (a) Retained earnings (b) Total liabilities and stockholders' equity $67,600 Revenues ORIOLE COMPANY Income Statement $85,000 (c) 10,380 (d) Cost of goods sold Salaries and wages expense Net income ORIOLE COMPANY Retained Earnings Statement Beginning retained earnings $17,600 Add: Net income (e) Less: Dividends 4,950 Ending retained earnings $32,600
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