Question
Sauce shop had a retained earnings balance of $1000 on July 31, 2011, Sales were $15,000 and expenses were 9500. Cash dividends of $1500 were
Sauce shop had a retained earnings balance of $1000 on July 31, 2011, Sales were $15,000 and expenses were 9500. Cash dividends of $1500 were Declared and distributed on July 31.
Calculate the retailed earnings. Begin by selecting the formula, then enter the amounts and calculate the retained earnings at July 31, 2011 (leave unused cells blank).
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
