Not yet answered Points out of 3.00 Remove flag CHECK YOURSELF 1.2 A company's retained earnings at the beginning and end of the accounting period were $48,000 and $55,000, respectively. If the company had revenues of $61,000 and expenses of $50,000, the amount of cash dividends paid must have been Gupta Company has $250,000 of assets $6 common what percentage of the asse Answer First, using algebra, determine the Assets Liabilities + Common stock + Ret Retained earnings = Assets - Labilities - Retained earnings = $250,000 - $60,000 Retained earnings $100,000 Second, determine the percentage: Percentage of assets provided by retaines Percentage of assets invided by Select one: RECORDING BUS ACCOUNTING EQUATION O a. $2,000. LO 1-4 Show how business events affe O O O b. $9,000. c. $3,000 d. $4,000. An accounting event is an economic occur stockholders equity transaction is a par of value between two entities Examples of to borrowing money from creditors, and purch of the text explains how several different ty equation Asset Source Transactions As previously mentioned, businesses obta from owners (stockholders), they borrow profitable operations. Asset source trans discussion of the effects of asset source to EVENT 1 Rustic Camp Sites (RC acquired $120,000 cash from is When RCS issued stock, it received cash Question 3 Not yet answered