Blade, Inc. has the following account balances at Dec 31 of the current year. What is the correct missing balance for Retained Earnings? a. $3,420
Blade, Inc. has the following account balances at Dec 31 of the current year. What is the correct missing balance for Retained Earnings?
a. $3,420 debit
b. $21,100 credit
c. $3,420 credit
d. $21,000 debit
e. $ 6,620 debit
Account Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable Common Stock Retained Earnings ??? Service Revenue Salaries Expense Utilities Expense Totals Debit $ 14,400 3,400 3,800 1,140 640 1,140 Credit $6,400 6,300 8,400
Step by Step Solution
3.43 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1 Unlock smart solutions to boost your understanding
c 3420 credit Explanation Account Debit Credit Cash 14400 ...83% of Business Students Improved their GPA!
Step: 2Unlock detailed examples and clear explanations to master concepts
Step: 3Unlock to practice, ask, and learn with real-world examples
Document Format ( 2 attachments)
608f6e4290b5c_21049.pdf
180 KBs PDF File
608f6e4290b5c_21049.docx
120 KBs Word File
See step-by-step solutions with expert insights and AI powered tools for academic success
- Access 30 Million+ textbook solutions.
- Ask unlimited questions from AI Tutors.
- 24/7 Expert guidance tailored to your subject.
- Order free textbooks.
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started