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How do you find the retained earnings and what is the answer? Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order,

How do you find the retained earnings and what is the answer?

Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. All accounts have normal balances.

Accounts Payable $43,900 Inventory $117,900
Accounts Receivable 40,000 Land 45,900
Building 67,000 Mortgage Payable (long term) 78,900
Cash 26,900 Office Supplies 2,900
Common Stock 111,900 Retained Earnings ?
Salaries Payable 7,900

BERKLY WHOLESALERS Balance Sheet December 31
Assets Liabilities & Stockholders' Equity
Current Assets: Current Liabilities:
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer Salaries payable Answer
Inventory Answer Total Current Liabilities Answer
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
Total Current Assets Answer Long-Term Liabilities:
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
Long-term Assets: Total Long-term Liabilities: Answer
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
Building Answer Total Liabilities Answer
Total Long-Term Assets Answer
Stockholders' Equity:
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
AnswerAccounts PayableAccounts ReceivableBuildingCashCommon StockInventoryLandMortgage Payable (long term)Office SuppliesRetained EarningsSalaries Payable Answer
Total Stockholders' Equity Answer
Total Assets Answer Total Liabilities and Stockholders' Equity Answer

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