Mookie, Inc. had the following assets, liabilities, and stockholders' equity balances at 12/31/X1: Accounts Payable, 72; Accounts Receivable, 145; Buildings, 545; Cash, 77 Common Stock, 110; Land, 220; -Notes Payable, 468; Retained Earnings, ??? Unearned Revenue, 98; Supplies, 59. What is the Retained Earnings balance? Report your answer to the nearest dollar. G Search or type URL Giancarlo Stanton opened a consulting firm, Stanton Consulting. During its first month of business, the following transactions were completed: 1) Giancarlo invested $30 in the business, which in turn issued common stock to him; 2) The business purchased equipment on account for $64; 3) The business provided consulting services on account, $13; 4) The business paid cash salaries to an administrative assistant, $2; 5) The business received cash from a customer as payment on account, $6; 6) The business borrowed $9 from the bank, issuing a note payable. At the end of the month, total assets are: O $77. O $101 O $114 $120. None of the above. Question 50 5 pts During January, Soto, Inc. had two consulting engagements. First, Soto performed $500 of services for Yelich Corp. Soto billed the entire amount and collected $325 in cash. Second, Soto received $175 in cash from Ozuna, Inc. for services to be performed over the next few months. Soto completed $100 of the services for Ozuna in January. How do the January events related to these two engagements affect the accounting equation of Soto, Inc. at the end of January? Increase Assets by $500; No change to Liabilities; Increase Stockholders' Equity by $500. Increase Assets by $675; No change to Liabilities; Increase Stockholders' Equity by $675. Increase Assets by $675; Increase Liabilities by $75; Increase Stockholders' Equity by $600. Increase Assets by $675; Increase Liabilities by $175; Increase Stockholders' Equity by $500. O None of the above. The Bellinger Company began 20x2 with a balance of $345 in its supplies account. During 20X2, Bellinger purchased $165 of supplies on account, and subsequently paid for half of that amount in cash. A physical count at the end of 20x2 revealed $155 in supplies. Assuming that Bellinger does not make adjusting entries until year end, which of the following journal entries should Bellinger record in response to the physical count of supplies? debit Supplies 355; credit Supplies Expense 355. O debit Supplies Expense 355; credit Supplies 355. debit Supplies 190; credit Supplies Expense 190. debit Supplies Expense 190; credit Supplies 190. none of these