Question
Using the information below, compute ending retained earnings. Additional Paid-in Capital, Common $ 9,000 AccountsPayable1,100 TotalExpenses7,800 Preferred Stock, atpar1,750 Common Stock, atpar400 Sales10,000 TreasuryStock250 Dividends700
Using the information below, compute ending retained earnings.
Additional Paid-in Capital, Common $ 9,000
AccountsPayable1,100
TotalExpenses7,800
Preferred Stock, atpar1,750
Common Stock, atpar400
Sales10,000
TreasuryStock250
Dividends700
Retained Earnings(beginning)2,000
Additional Paid-in Capital,Preferred50
$11,500
$4,200
$3,250
$12,000
$3,500
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
