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Washington Co. has a Treasury shares T-account at the beginning of 2019 (01.01.2019), that can be seen below: Treasury Shares B/F 2,000 Retained Earnings B/F
Washington Co. has a Treasury shares T-account at the beginning of 2019 (01.01.2019), that can be seen below: Treasury Shares B/F 2,000 Retained Earnings B/F 3,000 The Company had the following trial balance at the end of 2019 (31.12.2019): Note: some of the assets and liabilities not mentioned. Unpaid dividend: $4500 Cash Equivalents: $8600 Revenues: $3000 Interest income: $600 Dividend income: $600 Cost of Goods Sold: ($1300) Marchandises: $5400 Share Capital: $59700 Share Premium: $23400 $600 Other Comprehensive Income: Calculate the Net profit/Loss amount at the end of 2019 (31.12.2019)
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