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Question 19 2.5 pts At 10/1/2020 Target reported Retained Earnings of $423,000. During the month, Target generated revenues of $60,000, incurred expenses of $36.000, purchased
Question 19 2.5 pts At 10/1/2020 Target reported Retained Earnings of $423,000. During the month, Target generated revenues of $60,000, incurred expenses of $36.000, purchased equipment for $15.000 and paid dividends of $6,000. What is the balance in Retained Earnings at 10/31, 2022? $423,000 debit $24,000 credit $426,000 credit $441.000 credit Question 20 2.5 pts Intel purchased $8,500 worth of office supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $1,500 on hand. Which of the following indicate a proper adjusting entry made by Intel on June 30: debit Supplies Expense, $1.500: credit Supplies. 51.500. debit Supplies, 57.000; credit Supplies Expense. 57.000, debit Supplies, $1,500: credit Supplies Expense, 51.500. debit Supplies Expense. 57.0001 credit Supplies $7.000
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