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Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of CA Corporation: Cash Accounts Receivable
Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of CA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense $36,000 45,000 100 665,000 100,000 12,000 125,000 350,000 114,300 65,000 785,000 498,000 1,200 38,000 50,000 88,000 20. $ Determine total expenses for the year 21. $ Determine net income for the year 22. $ Determine ending retained earnings for the year 23. $ Determine ending total stockholders' equity for the year 24. $ _Determine total Current Assets at the end of the year 25. $ Determine Total Assets at the end of the year 26. Should Common stock be closed at year end
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