Question: Solve for missing numbers using this formula : Assets =Liabilities + Paid in capital + (Begin Earnings +Net Income-Dividends)=Retained Earnings Total assets 416,000 541000 332000

Solve for missing numbers using this formula : Assets =Liabilities + Paid in capital + (Begin Earnings +Net Income-Dividends)=Retained Earnings

Total assets 416,000 541000 332000
Total liabilities 209,000 135,000
Paid-in capital 78,000 35,000
Retained Earnings 308,000
net Income for 2019 89,000 118,000
Dividends declared 48,000 17,000 71,000
Retained earnings 86,000 42,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!