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I need help finding the expenses and dividends and what the equation is On February 1, 2016, the balance of the retained eamings account of
I need help finding the expenses and dividends and what the equation is
On February 1, 2016, the balance of the retained eamings account of Blue Power Corporation was $693,000. Revenues for February totaled $135,300, of which $126,500 was collected in cash. Expenses for February totaled $157,200, of which $129,600 was paid in cash. Dividends declared and paid during February were $14,400 Required: Calculate the retained earnings balance at February 28, 2016. (Amounts to be deducted should be indicated with a minus sign Balance, February 1, 2016 Revenues Expenses Dividends Balance, February 28, 2016 S 693,000 135,300 135,300 S 828,300Step by Step Solution
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