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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
On November of the current year, Rob Elliot invested $
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 were
reported at $ After all transactions have been entered into
the accounting equation for the month of December, the ending
balances for selected items on December follow. On that date,
the financial statements were prepared. The balance sheet reported
total assets of $ and total stockholders' equity of
$supplies $ land $ retained earnings $ dividends $ fees earned $ wage expenses $ supply expense $ utility expense $ miscellaneous expense $ one what is the amount reported for total liabilities and stockholders equity on December two what is the retained earnings amount reported on December 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 what is the total expenses for December?eight how much was paid for rent?
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