Question
Jimbo Corp's adjusted trial balance included the following items(all balances are normal): Accounts Payable $65,000 Accounts Receivable $45,000 Capital Stock $100,000 Cash $50,000 Dividends $10,000
Jimbo Corp's adjusted trial balance included the following items(all balances are normal):
Accounts Payable $65,000
Accounts Receivable $45,000
Capital Stock $100,000
Cash $50,000
Dividends $10,000
Goodwill $47,000
Interest Expense $4,000
Interest Payable $2,000
Inventory $32,000
Notes Payable $80,000
Prepaid Expenses $5,000
Property Plant & Equipment $123,000
Retained Earnings $46,000
Rent Expense $18,000
Revenues $101,000
Salary Expense $60,000.
How much is retained earnings to be reported in the balance sheet?
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
