Question
Kolander Company has the following accounts and balances at the end of the year: LongminusTerm Notes Payable $59,000 Accounts Receivable $32,000 Accounts Payable $38,000 Building
Kolander Company has the following accounts and balances at the end of the year:
| LongminusTerm Notes Payable | $59,000 | |
| Accounts Receivable | $32,000 | |
| Accounts Payable | $38,000 | |
| Building | $60,000 | |
| Cash and Cash Equivalents | $83,000 | |
| Common Stock | $122,000 | |
| Interest Payable | $2,500 | |
| Land | $43,000 | |
| Shortminusterm Investments | $5,000 | |
| Income Taxes Payable | $14,000 | |
| Equipment | $61,500 | |
| Supplies | $5,000 |
What is the amount of Retained Earnings at the end of the year?
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Eco Management And Auditing A Practical Guide To EC Regulations
Authors: Joseph Tanega
1st Edition
1859070094, 978-1859070093
