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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 $10,970 at April 1, 2019, the beginning of the current year. Accounts Payable: $1,090 Accounts Receivable: $6,930 Cash: $29,010 Dividends: $8,470 Equipment: $63,000 Fees Earned: $111,770 Land: $56,880 Miscellaneous Expense: $1,630 Office Expense: $7,880 Stock: $75,880 Supplies: $3,640 Wage Expense: $22,270 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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