please answer all the requirements
The balance sheet data for Bob's Electronics Co., 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 eamings amounts. Select the formula needed to compute the retained earnings balances and then complete the table to solve for the amounts. 25 Total assets Total liabilities Common stock = Retained eamings August 31, 2018 S 120,000 $ 81,000 $ 25.000 14,000 September 30, 2018 S 155,000 $ 125.000 $ 25.000 = S 15,000 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.) Bob's Electronics, Co. , Statement of Retained Earnings Data Table Month Ended September 30, 2018 b. C. Retained earnings, August 31, 2018 14000 14000 14000 Total assets S Aug 31, 2018 120,000 $ 81,000 Sep 30, 2018 165,000 125,000 Add Net income or Subtract Net loss Total liabilities Subtotal 25,000 Less: Dividends Common stock Total stockholders' equity 25,000 ? ? Retained earnings, September 30, 2018 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. - X Requirement Clear All Check Answer The balance sheet data for Bob's Electronics, Co., at August 31, 2018, and September 30, 2018, follow: E: (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 eamings 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 81,000 Common stock 25,000 120,000 $ $ August 31, 2018 September 30, 2018 S S = Retained eamings = S 14,000 = S 15,000 165,000 $ 125,000 $ 25,000 C. 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.) Bob's Electronics, Co. Requirement Statement of Retained Earnings Month Ended September 30, 2018 b. 1. The following are three independent assumptions about the business during September. For cach assumption, compute the amount of net income or net loss during September Retained earnings, August 31, 2018 14000 14000 14000 2018. Find the solution by preparing the statement of retained earnings. First, use the Add Net income or Subtract Net loss amounts of total assets, total liabilities, and common stock given previously and the accounting equation to determine the beginning and ending retained earnings amounts. Subtotal 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. Less: Dividends a. The business paid no dividends. b. The business paid $9,000 of dividends. Retained earnings, September 30, 2018 C. The business paid $18,000 of dividends. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Help Me Solve This DemoDocs Example Get More Help Clear All Check
