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What is correct calculation for retained earnings for the balance sheet? Credit Debit 8,200 17,000 7,425 200,000 $ 41,200 47,000 Account Title Cash Accounts receivable
What is correct calculation for retained earnings for the balance sheet?
Credit Debit 8,200 17,000 7,425 200,000 $ 41,200 47,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 12,200 6,000 34,000 63,724 135,000 30,000 122,000 26,574 63,315 3,000 11,610 $414,124 $414,124 Common stock 63,724 Retained earnings Total equity 63,724
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