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You will need to know the amounts for ending retained earnings and the new total ending balance for stockholders' equity. Question: Based on the Adjusted
You will need to know the amounts for ending retained earnings and the new total ending balance for stockholders' equity. Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20xx Accounts Account Balance $25,153 24,500 3,828 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Accounts Payable Common Stock Retained Earnings Dividends Revenue Sales Discounts Cost of Goods Sold Salaries Expense Interest Expense Income Tax Expense 35,000 10,670 40,103 15,143 5,000 75,000 1,500 40,000 5,000 4,000 3,000 Question:Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Additional Information: Net Income After-taxes for the Accounting Period equaled $21,500 Beginning Balance of Common Stock on 1/1/20xx $40,103 Beginning Balance of Retained Earnings on 1/1/20xx $15,143 No new stock was issued during the accounting period. Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123
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