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How do I find the Retained Earnings amount? LUMILIT Lmy Upcon SULUHISUILI I LULU FILIP Ivuuy, WHICHT V Yun PLIULUIS VIL DUYusu 1. Huyusu VI,
How do I find the Retained Earnings amount?
LUMILIT Lmy Upcon SULUHISUILI I LULU FILIP Ivuuy, WHICHT V Yun PLIULUIS VIL DUYusu 1. Huyusu VI, company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,240 Dividends 22,260 Consulting fees earned 5, 110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 10,740 Miscellaneous expenses 100,700 $ 5,870 26,900 9,420 5,490 730 410 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. Answer is not complete. HELP TODAY Balance Sheet As of August 31 Liabilities: $ 25,240 Accounts payable 22,260 43,920 Equity: 19,890 Retained earnings 5,110 $ Assets: Cash Accounts receivable Land Office equipment Office supplies 10,740 105,680 Total equity Total Liabilities and Equity 105,680 116,420 Total Assets $ 116,420 $Step by Step Solution
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