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The Company had the following Net Income (Less) for 204 - 200(the first four years of operations). Determine their Ending Retained Earnings amount for each
The Company had the following Net Income (Less) for 204 - 200(the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer"in millions" like the example) The Company (in Millions) Ending Retained Year Net Income or (Loss) Dividends Earnings 20A $0.50 $0.00 $0.50 27 205 $1.00 28 200 ($0.10) $0.10 29 200 $1.75 $0.20 $0.10 Use the following to answer questions 30 - 33 The following account balances appear in the 20XC year-end POST-closing trial balance of BC Corporation: Cash $50,000 Accounts Receivable 75,000 Inventory 325,000 Equipment 750,000 Accumulated Depreciation 250,000 Accounts Payable 36,000 Notes Payable 275,000 Common stock 400,000 Retained earnings 30.5 Determine the total amount of debits that would be shown on the post-closing trial balance 31.5 _Determine retained earnings that would be shown on the post-closing trial balance 32. 5. Determine total current assets 33.5 Determine the book value of the equipment
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