Question
What is the ending balance of Retained Earnings at the end of Year 6? $ Balance Sheet June 30th, Year 5 Assets Cash 10,000 Accounts
Balance Sheet June 30th, Year 5 Assets Cash 10,000 Accounts receivables 34,000 Inventory Prepaid Insurance Capital Assets Accumulated depreciation (40,000) Total Assets 268,000 60,000 4,000 200,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Notes Payables 19,000 4,000 1,000 80,000 100,000 Common Shares Retained Earnings 64,000 Total Liabilities and Equity 268,000
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
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