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The assets and liabilities of Flub Services as of March 31, 2020, the end of the current year, and its revenues and expenses for the
The assets and liabilities of Flub Services as of March 31, 2020, the end of the current year, and its revenues and expenses for the year ended March 31, 2020 are listed below. The Retained Earnings balance was $13,250 at April 1, 2019, the beginning of the current year. Accounts Payable: $1,710 Land: $58,040 Accounts Receivable: $8,860 Miscellaneous Expense: $1,120 Cash: $24.740 Office Expense: $3,370 Dividends: $14,360 Stock: $108,780 Equipment: $89,960 Supplies: $2,060 Fees Earned: $99,760 Wage Expense: $20,990 Upon completion of its financial statements for the year ended (and as of) March 31, 2020, Flub Services would report the following amounts: Net Income: $ Ending Retained Earnings: $ Ending Total Liabilities and Equity: $
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