Question
The following accounts and balances were drawn from the records of Hoover Company on December 31, 2013: Cash $3,000 Accounts Receivable $1,350 Dividends 1,500 Common
The following accounts and balances were drawn from the records of Hoover Company on December 31, 2013:
| Cash | $3,000 | Accounts Receivable | $1,350 | |
| Dividends | 1,500 | Common Stock | 1,975 | |
| Land | 1,800 | Revenue | 1,800 | |
| Accounts Payable | 950 | Expense | 1,050 |
The amount of retained earnings as of January 1, 2014 was:
Multiple Choice
$2,475.
$3,975.
$3,225.
$4,800.
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Curriculum Auditing
Authors: Fenwick W. English
1st Edition
0877625921, 978-0877625926
