Please help fill in Retained Earnings, December 31 2021 - $310,600 Cost of buildings purchased during 2022-
Question:
Please help fill in
Retained Earnings, December 31 2021 - $310,600
Cost of buildings purchased during 2022- $25,000
Net loss for the year ended December 31 2022- $4,900
Dividends declared and paid in 2022 - $13,200
Increase in cash balance from January 1st 2022 to December 31, 2022-$14,600
Increase in long term debt in 2022- $17,300
from the above data calculate the retained earnings balance as of December 31, 2022
note: enter decrease with a minus sign to indicate a negative financial statement effect
there is four boxes to fill in with choices of 1st box has cash balance, equipment, long term debt retained earnings as of December 31, 2021 ( it a drop down where one of these is chosen)
next box choices
. Add Dividends
- Add: Net income
- Add: Net loss
- Less: Dividens
- less net loss
next box choices are
- add Dividends
- Add: Net income
- Add: Net loss
- Less: Dividends
- less net loss
last box
- balance
- Equipment
- Long-term debt
- Retained earnings, December 31, 2021
- Retained earnings, December 31, 2022
so it has a drop down where you choose one of these choices and then there is another space to the right where you can fill in the information $ figures.