Quartz lnstruments had Retained Earnings of $148,000 at Decenber 31,2020. Net income for 2021 was $93,000, and dividends for 2021 were $33,000. What amount of Retained Earnings should be reported at December 31, 2021? Multiple Choice $208000 $241000 $148000 $18cos0 A company purchased equipment for use in the business at a cost of $12500, one-fith was pald in cash, and the company signed a note-for the boitonce. The joumal entry to record this transaction witt include a: Multiple Croice credit to Notes Payable of $ tro000 debit to Equament of $2500 debit to Notes Paysto of $10000 oubin to Cash of $12,500 What is the ending balance of the Cash account? Multiple Choice $220,490 $114,210 $28,710 $134,990