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I beleve it is stating dividend income. thank you Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending
I beleve it is stating dividend income. thank you
Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20xx Account Balance Accounts $25,110 24,500 3.962 Cash Accounts Receivable Allowance for Uncollectible collectible Accounts Inventory Accounts Payable Common Stock Retained Earnings Dividends Revenue 35,000 10,665 10.117 15.135 5,000 75,000 1,500 140,000 5.000 14.000 3,000 Sales Discounts Cost of Goods Sold Salaries Expense Interest Expense Income Tax Expense Additional Information: Net Income After-taxes for the Accounting Period equaled $21,500 Beginning Balance of Common Stock on 1/1/20xx $40.117 Beginning Balance of Retained Earnings on 1/1/20xx $15.135 No new stock was issued during the accounting period. Statement of Stockholders' Equity Question: Based on the Statement of Stockholders' Equity you prepared on your scratch paper, what is the Total Stockholders' Equity (total of the ending balances for both common stock and retained earnings) shown on the Statement of Stockholders' Equity you prepared on your scratch paper Step by Step Solution
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