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Question 1 - Please answer: Calculate the Retained Earnings balance at Dec 31, 2029 Calculate the Dec 31, 2029 balance in the land account Calculate
Question 1 - Please answer:
Calculate the Retained Earnings balance at Dec 31, 2029
Calculate the Dec 31, 2029 balance in the land account
Calculate the Dec 31, 2029 balance in the copyright account
Question 8 3 pts 2 The accounting records of Betty DeRose, Inc. revealed the following account balances as of December 31, 2029: Dividends $ 21,000 Accumulated depreciation $ 87,000 Income tax expense $ 30,000 Trademark $ 92,000 Supplies $ 27,000 Sales revenue $201,000 Land ? Salaries payable $ 49,000 Accounts receivable $ 71,000 Retained earnings $ 82,000 (at January 1, 2029) Notes payable $ 67,000 (due March 1, 2033) Equipment $102,000 Rental revenue $ 36,000 Copyright ? Inventory $113,000 Salaries expense $ 72,000 Cash $ 23,000 Common stock ? Cost of goods sold $ 54,000 Utilities expense $ 38,000 Accounts payable $ 51,000 Additional information: 1) The total P-P-E at December 31, 2029 was equal to $111,000 2) The total intangibles at December 31, 2029 were equal to 25% of the total assets at December 31, 2029. Calculate the December 31, 2029 balance in the copyright accountStep by Step Solution
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