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QUESTION 2 2.5 points Save Answer Which financial statement is presented at a point in time? Statement of cash flows Statement of retained earnings O
QUESTION 2 2.5 points Save Answer Which financial statement is presented at a point in time? Statement of cash flows Statement of retained earnings O Income statement Statement of Comprehensive income None of the above QUESTION 3 4.5 points Save Answer Below is a list of accounts from Jenkins Inc. trial balance for the year ended December 31, 2018. Cash 10,000 Accounts receivable 12,000 Sales revenue 25,000 Retained earnings, 1/1/18 4,000 Expenses 16,000 Dividends 300 Liabilities 11,000 Use what we learned in our multimedia presentation to determine retained earnings at December 31, 2018. WHEN ENTERING YOUR ANSWER DO USE COMMA SEPARATORS BUT DO NOT USE DOLLAR SIGNS, For example enter 10,000 not $10,000 or Not 10000 Determine whether an item is an Asset, Liability or part of Equity. - Truck - Deferred/Unearned Revenue - Dividends A. Asset - Accounts Payable B. Liability - Accounts Receivable C. Equity - Bonds Payable - Sales Revenue - Salaries expense
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