Question: I need help with the remaining amounts on the right. Thank you! GGF Enterprises Inc Shaded cells have feedback On November 1 of the current

 I need help with the remaining amounts on the right. Thankyou! GGF Enterprises Inc Shaded cells have feedback On November 1 of

I need help with the remaining amounts on the right. Thank you!

GGF Enterprises Inc Shaded cells have feedback On November 1 of the current year, Rab Ellict invested $31 0ois cash to torm a corporation, GGE Enterpnses Inc, in exchange tor shares of common stock. No other common stock was issued during November or December. Ater a very successtul first month of operations, the retained earnings as of November 30 were reported at $5,000.00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December 31 follow. On that date, the financial statements were prepared The balance sheet reported total assets of $53,800 00 ad total stockholders equity of $37,70500 Accounts Common Retained Fees Supplies Utilities Expense Expense Expense Expense Wages Rent Miscellaneous Cash Receivable Land Payable Stock Earnings Dividends Earned $7,850.00 S15,000.00 55,000.00S6,500.00 S26,250.00 ,475.00 4,500.00 $131000 460.00 Review the following questions. Place an Xin the box to indicate which financial statementfs) report the desired information. Enter the amount reported on the financial statement BalanceIncome Retained Earnings Statement Sheot Statement Amount $53,900.00 1. What is the amount reported for total liabilities and stockholders equity on Decamber 31? 2. What is the retained eanings amount reported on December 31? 3. How much does GGE Enterprises Inc owe to its creditors? 4 How much cash is being held by GGE Enterprises Inc? 5. By what amount did retained earnings increase or decrease during the period? 6. What is the amount of profit or loss during December? 7. What were the total cxpcnscs for Dcccmber? 8. How much was pai for ilities? X $16,195.00 $31,050 00

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