need help with second part of hw
Save Homework: Chapter 1 HW Score: 0.76 of 2 pts 2 of 6 (2 complete) HW Score: 22.99%, 2.76 of 12 pts E1-18A (similar to) Question Help The balance sheet data for Bell Computers, Inc., at August 31, 2018, and September 30, 2018, follow Click the icon to view the balance sheet data) Read the requirement First, use the amounts of total assets, total liabilities, and common stock given above and the accounting equation to determine the beginning and ending retained earnings amounts. Select the formula needed to compute the retained earnings balances and then complete the table to solve for the amounts Total assets Total liabilities Common stock Retained earnings August 31, 2018 125,000 69,000 $ 25.000 31,000 September 30, 2018 150,000 121,000 25,000 $ 4,000 For each assumption, compute the amount of net income or net loss during September, 2018 by preparing the statement of retained earnings. (Use a minus sign or parentheses to enter a net loss. Enter a *O* for any zero balance accounts. Complete all answer boxes.) Bell Computers, Inc. Statement of Retained Earnings Month Ended September 30, 2018 $ $ $ b c. Add Net income or Subtract Netloss Subtotal Loss tal assets, total liabilities, and common stock given above and the accounting equation to determine the begin ne formula needed to compute the retained earnings balances and then complete the table to solve for the am Total assets Total liabilities Common stock Retained earnings 125,000 69,000 $ 25,000 $ 31,000 - 150,000 121,000 25,000 4,000 bute the amount of net income or net loss during September, 2018 by preparing the statement of retained earr oss. Enter a "0" for any zero balance accounts. Complete all answer boxes.) Bell Computers, Inc. Statement of Retained Earnings Month Ended September 30, 2018 a. b. c. t Net loss Data Table Total assets Total liabilities Common stock Total stockholders' equity Aug 31, 2018 125,000 $ 69,000 25,000 ? Sep 30, 2018 150,000 121,000 25,000 ? Print Done Total assets Total liabilities Common stock Retained earnings 125,000 69,000 $ 25,000 $ 31,000 150,000 121,000 25,000 4,000 ute the amount of net income or net loss during September, 2018 by preparing the statement of retained earr oss. Enter a "0" for any zero balance accounts. Complete all answer boxes.) Bell Computers, Inc. Statement of Retained Earnings Month Ended September 30, 2018 a. b. c. t Net loss X Requirement 1. The following are three independent assumptions about the business during September. For each assumption, compute the amount of net income or net loss during September 2018. Find the solution by preparing the statement of retained earnings. First, use the amounts of total assets, total liabilities, and common stock given previously and the accounting equation to determine the beginning and ending retained earnings amounts. Then plug those and the other amount given in each assumption into the statement of retained earnings to determine the net income or net loss. a. The business paid no dividends. b. The business paid $11,000 of dividends. C. The business paid $22,000 of dividends. Print Done
