Calculate the the retained earnings of the company as at December 31, 2019 using given information Account
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Question:
Calculate the the retained earnings of the company as at December 31, 2019 using given information
Account Title | Debit | Credit |
---|---|---|
Cash | $24000 | |
Accounts receivable | 11000 | |
Prepaid expenses | 4000 | |
Equipment | 171000 | |
Building | 100000 | |
Accounts payable | $30000 | |
Note payable | 120000 | |
Share capital | 102000 | |
Retained earnings | 40000 | |
Dividends | 22000 | |
Catering revenue | 96000 | |
Wage expense | 20000 | |
Food expense | 14000 | |
Rent expense | 12000 | |
Supplies expense | 7000 | |
Advertising expense | 3000 | |
Total | $388000 | $388000 |
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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