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I have found everything except for retained earnings- help! The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash,
I have found everything except for retained earnings- help!
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $3,300; Accounts Receivable, $7,300; Supplies, $17,300; Equipment, $103,000; Accumulated Depreciation, $36,500; Accounts Payable, $24,300; Salaries Payable, $14,300; Common Stock, $43,000; and Retained Earnings.. Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.) BLUE DEVILS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets: Cash $ Current liabilities: Accounts Payable Salaries Payable 3,300 7,300 17,300 24,300 14,300 Accounts Receivable Supplies Total current assets 27,900 38,600 Long-term assets: Equipment Accumulated Depreciation Total current liabilities Stockholders' Equity Common Stock Retained Earnings 43,000 103,000 (36,500) Total stockholders' equity 43,000 81,600 Total assets $ 94,400 Total liabilities and stockholders' equity $Step by Step Solution
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