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Not sure how to find retained earnings. All the other answers are correct besides that one. I've tried 27,800 also and no luck. here are
Not sure how to find retained earnings. All the other answers are correct besides that one. I've tried 27,800 also and no luck.
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On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances: Accounts cash Accounts Receivable Supplies Land Accounts payable Common Stock Retained Earning Debit Credit $23,800 5,200 3100 50,000 3,200 65000 13,900 Totals $ 82100 $ 82100 During January 2018, the following transactions occur. January 2. Purchase rental space for one year in advance, $6,000 ($500/month). January 9, Purchase additional supplies on account, $3,500. January 13. Provide services to customers on account, $25,500. January 17. Receive cash in advance from customers for services to be provided in the future, $3,700. January 20. Pay cash for salaries, $1,500. January 22. Receive cash on accounts receivable, $24100. January 29. Pay cash on accounts payable, $4000Step by Step Solution
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