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The following financial Information is from Shovels Construction Company 41:48 Accounts payable Buildings Cash Accounts receivable Sales tax payable Retained earnings Supplies Notes payable (due
The following financial Information is from Shovels Construction Company 41:48 Accounts payable Buildings Cash Accounts receivable Sales tax payable Retained earnings Supplies Notes payable (due in 18 months) Interest payable Common stock $14,700 85,000 11,600 10,400 3,400 45,700 40,100 34,000 2,500 46,800 What is the amount of current assets, assuming the accounts above reflect normal activity? Multiple Choice $147.100 $62100 $22.000 $108.900 The retained earnings account had a beginning credit balance of $26,650. During the period, the business had a net loss $12,200, and the company paid dividends of $8.150. The ending balance in the retained earnings account is: Multiple Choice $14,450 $38.850 $6,300 $30,700
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