Question
Use the following information to answer the next three questions: The following information is available from the records of Aggies R Us, Inc. at the
Use the following information to answer the next three questions:
The following information is available from the records of Aggies R Us, Inc. at the end of the 2017 calendar year. Assume this is Aggies 1st year of operation.
Accounts Receivable $102,200 Notes Payable $????
Cash 70,890 Salary Expense 320,000
Building 75,000 Retained earnings ????
Advertising Expense 60,000 Accounts Payable 62,800
Dividends 12,200 Income Tax Expense 23,100
Service Revenues 460,000 Common Stock 120,000
Office Equipment 22,500 Wages Payable 15,450
Determine Aggies Net Income for the year ended December 31, 2017:
| A. | $36,900 | |
| B. | $80,000 | |
| C. | $56,900 | |
| D. | $44,700 | |
| E. | $41,500 |
1 points
QUESTION 7
Determine the balance for Aggies Retained Earnings on December 31, 2017:
| A. | $44,700 | |
| B. | $29,300 | |
| C. | $42,900 | |
| D. | $67,800 | |
| E. | $56,900 |
1 points
QUESTION 8
Determine the balance for Aggies Notes Payable on December 31, 2017:
| A. | $105,890 | |
| B. | $51,090 | |
| C. | $43,690 | |
| D. | $27,640 | |
| E. | $66,490 |
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Making Use Of Clinical Audit A Guide To Practice In The Health Professions
Authors: Sally J. Redfern, Anemone Kober, Maurice Kogan
1st Edition
0335195423, 978-0335195428
