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The company's total assets are $38,000. The following is a listing of the company's accounts and account balances as of December 31, Year 3. This

The company's total assets are $38,000. The following is a listing of the company's accounts and account balances as of December 31, Year 3. This company doesn't have any other accounts. Accounts Payable Accounts Receivable $ 7,400 8,000 Supplies 1,400 Equipment 24,000 Common Stock 15,000 Cash Unknown Retained Earnings Unknown Required: a. Determine the balance of the Cash account. Cash b. Determine the balance of the Retained Earnings account. Retained Earnings

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