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QUESTION 6 Given the following list of accounts, calculate Total Assets: Accounts Receivable $ 16,300 Capital Stock 30,250 Cash 24,070 Inventory 13,920 Sales Revenue
QUESTION 6 Given the following list of accounts, calculate Total Assets: Accounts Receivable $ 16,300 Capital Stock 30,250 Cash 24,070 Inventory 13,920 Sales Revenue 41,400 Miscellaneous Expense 17,300 Rent Expense 3,350 Retained Earnings, end of year 7,7501 Salaries Expense 15,600 1 Wages Payable 15.500 Oa. $70.620 Ob.$84,540 Oc$62.100 Od.$54.290 QUESTION 7 Use the following information to determine Total Stockholders' Equity Total Assets $107,000 Total Liabilities $15.000 Total Retained Earings $17,000 O $52,000 Ob575,000 Oc $12,000 Od.$107.000 QUESTION B If there was no beginning retained earnings, dividends of $55,000, and ending retained eamings of 17,000, how much was net income? O a $55,000 Ob $72.000 Oc. $89.000 Od.$17.000
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