Question
Use the following information to answer questions 5-7 Beckowsik Company began business in June and completed the following transactions: A) Received $50,000 cash and issued
Use the following information to answer questions 5-7
Beckowsik Company began business in June and completed the following transactions:
A) Received $50,000 cash and issued common stock to the stockholders.
B) Purchased supplies for $5,000 on account.
C) Received and paid utilities bill of $2,000 for the month.
D) Performed services for a customer and billed the customer $6,000.
E) Received $3,000 from the customer on account.
F) Paid for the supplies purchased on account.
G) Purchased equipment for $10,000 on account.
H) Declared and paid dividends of $2,200.
What is the ending balance for Cash?
What is the ending balance for Accounts Receivable?
What is the ending balance for Retained Earnings?
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