ABC corporation had an initial investment of SAR50,000 cash and other information was as follows: From the
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Question:
From the information given, prepare a statement of retained earnings.
Accounts payable | SAR12,000 | Office furnishings | SAR40,000 |
Accounts receivable | 23,000 | Dividends | 6,000 |
Cash | 17,200 | Rent expense | 3,600 |
Fees earned | 30,000 | Salaries expense | 6,200 |
Notes payable | 4,250 | Telephone expense | 250 |
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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