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I know Im missing a number in retained earnings but I dont know what it is! HELPP Required information [The following information applies to the
I know Im missing a number in retained earnings but I dont know what it is! HELPP
Required information [The following information applies to the questions displayed below.] At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2: 1. Provided $66,900 of services on account. 2. Incurred $2,900 of operating expenses on account. 3. Collected $47,900 of accounts receivable. 4. Paid $33,500 cash for salaries expense. 5. Paid $14,040 cash as a partial payment on accounts payable. 6. Paid a $8,000 cash dividend to the stockholders. Retained Earnings \begin{tabular}{|l|r|r|r|} \hline Beg. Bal & & 10,900 & \\ \hline cl & & & \\ \hline cl & & & \\ \hline & & & \\ \hline End. Bal & & 69,900,800 & \\ \hline \hline \end{tabular}Step by Step Solution
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