Quiz Content Question 1 10 Points If the end balance of retained earnings is $50,000 the net income is $30,000 and the dividend is 10,000, then the beginning balance retained earnings is 90,000 None of the other answers 70,000 40,000 Question 3 10 Points If the retained earnings on Jan. 1, $50,000 the net income is $30,000 and the dividend is 10,000, then the retained earnings on Dec. 31 is 40,000 (B 90,000 70,000 None of the other answers Question 7 10 Points If the salaries paid was $6000, and there are salaries payable at the end of the month $2000, then the adjusting entry is salaries expense in income statement $6000 and salaries payable in balance sheet 8000 liability B salaries expense in income statement $2000 and salaries payable in balance sheet 2000 liability E None of the other answers salaries expense in income statement $8000 and salaries payable in balance sheet 2000 liability