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Use the following information to answer the next two questions (6&7): Assets $35,000 Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends 13,750 ? 15,500 1,800
Use the following information to answer the next two questions (6&7): Assets $35,000 Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends 13,750 ? 15,500 1,800 13,700 2,500 Beginning Retained Earnings 4,300 Ending Retained Earnings 15,500 Cash Flows from Operating Activities 3,600 Cash Flows from Investing Activities -1,000 Cash Flows from Financing Activities 500 Beginning Cash 900 4,000 Ending Cash What is the correct amount for Beginning Cash? 6. a. $7,100 b. $3,100 C. $900 d. $0 e. None of the above What is the correct amount for Ending Retained Earnings? 7. a. $0 b. $1,800 C. $11,900 d. $15,500
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