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The Correct answers are displayed in the brackets (), I would just like to know how to get to them, thanks! Calculate the missing numbers
The Correct answers are displayed in the brackets (), I would just like to know how to get to them, thanks!
Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas. Retained earnings at the beginning of the year is zero. Accounts receivable =2300 Accounts payable =2800 Wages payable =1100 Intangibles =6800 Supplies =930 Unearned revenue =1300 Advertising expense =1600 Service revenue =17000 Prepaid expense =2100 Rent expense =7200 Wages expense =5150 Loan payable due in 2025=3400 Dividends =550 Cash =2570 Supplies expense =1800 Owner's capital =5400 Current assets? _- 14700 (7900) Current liabilities? 24900 (5200) Profit for the year? =850 (1250) Closing retained earnings? 1400(700)Step by Step Solution
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