QUESTION 14 On 1/1/2017, the beginning of the 2017 annual accounting period, Johnny Yen, Co. had a Retained Earnings balance of $4,920. For the three years of 2017, 2018 and 2019, the company reported the following information: Year Net Income (Loss) Dividends 2017 $2,010 S 0 2018 $3,575 $90 2019 $5,195 $215 What was the company's Retained Earnings as reported on the classified balance sheet as of 12/31/2019? O a 56,455. $11,375 None of the answers given are correct. $15,395. O. 54.980 10 poir QUESTION 15 The beginning balance of Medieval, Ltd.'s Accounts Payable on 3/1/2019 was $7,090. During March, the company had the following transactions: Issued 5,000 shares of common stock at par value for $20,000 cash. Purchased equipment for $2,500, paying cash. Provided services to customers worth $11,670 on account. Purchased additional supplies worth $1,750 on account. Received cash of $13,090 from customers for services provided during the month. Paid creditors 53,480 for supplies previously purchased on account. Paid employees 55,600 in cash for March Salaries What was the balance of the company's Accounts Payable account as of 3/31/2019 following these transactions? O a $8,510 $5,670 $8,820 d. $3.940 $5,360 10 poir QUESTION 16 Which of the following accounts represents a liability of the company? O a Treasury Stock Deferred Revenue Accounts Receivable None of the answers given are correct e. Salaries expense