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On November 1 of the current year, Rob Elliot invested $ 2 9 , 0 0 0 of his cash to form a corporation, GGE

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On November 1 of the current year, Rob Elliot invested $29,000
of his cash to form a corporation, GGE Enterprises Inc., in
exchange for shares of common stock. No other common stock was
issued during November or December. After a very successful first
month of operations, the retained earnings as of November 30 were
reported at $5,000. After all transactions have been entered into
the accounting equation for the month of December, the ending
balances for selected items on December 31 follow. On that date,
the financial statements were prepared. The balance sheet reported
total assets of $54900 and total stockholders' equity of
$36195.supplies $8600 land $16,250 retained earnings $5000 dividends $6750 fees earned $26,750 wage expenses $6450 supply expense $4525 utility expense $1295 miscellaneous expense $385 one what is the amount reported for total liabilities and stockholders equity on December 31?two what is the retained earnings amount reported on December 31 three how much does GGE enterprise Inc. owe to its creditors for how much cash is being held by GG enterprise Inc. five by what amount did retained earnings increase or decrease staring the period six what is the amount of profit or loss during December 7 what is the total expenses for December?eight how much was paid for rent?
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