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How is this wrong? The following adjusted trial balance was drawn from the records of the Ramos Company. Account Title Dr Cr 500 Cash Equipment
How is this wrong?
The following adjusted trial balance was drawn from the records of the Ramos Company. Account Title Dr Cr 500 Cash Equipment Common Stock 2,000 1,700 500 Retained Earnings Service Revenue Operating Expenses 900 600 Totals 3,100 3,100 Based on the information in the trial balance, the amount of retained earnings reported on the year-end balance sheet would be $800. X $1,400 Step by Step Solution
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