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The following list contains all of the items on the balance sheet as of December 31, 20x1, except for Retained Earnings. Determine the amount of
The following list contains all of the items on the balance sheet as of December 31, 20x1, except for Retained Earnings. Determine the amount of Retained Earnings.
Unearned Revenue $3,338
Accounts Receivable $4,660
Common Stock $10,929
Cash $2,784
Equipment $12,845
[Hint: Prepare a balance sheet and determine the missing amount of Retained Earnings to make it balance].
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