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T Retro Cars, Inc., had the following account balances at the end of December: 15. $ 16. $ 17. $ 18. $ 19. $
T Retro Cars, Inc., had the following account balances at the end of December: 15. $ 16. $ 17. $ 18. $ 19. $ Accounts Balances Accounts payable $30,000 Beginning Retained earnings 150,000 Utilities expense 20,000 Common stock 350,000 Cash 33,000 Supplies 2,000 Salaries expense 350,000 Service revenue 525,000 Dividends 50,000 Land/Building ? What were total expenses for the year? _Calculate their net income for the year. _Calculate their ending balance in Retained Earnings. What is their balance in stockholder's equity on 12/31. What is the balance of the Land/Building account.
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