Question: Based on the information in these two ledger accounts below, what was net income for the month ended December 31, 2019? Retained Earnings Debit Credit
Based on the information in these two ledger accounts below, what was net income for the month ended December 31, 2019? Retained Earnings Debit Credit Item Balance Date 12/1 12/31 12/31 12/31 34.260 Credit 5,950 40.210 30,620 24,620 9,590 6,000 Credit Date 12/5 12/16 12/31 Cash Dividends Debit Credit 2,400 3,600 6,000 Debit 2.400 6,000
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