The following information shows ABC co accounting records Retained earnings, 1 1 2 0 2 0 1 1 2 0 2 0 $ 5 0 , 0 0 0 5 0 , 0 0 0 Advertising expense 1 , 5 0 0 1 , 5 0 0 utilities expense 2 , 0 0 0 2 , 0 0 0 Insurance expense 1 , 2 0 0 1 , 2 0 0 selling expense 3 , 5 0 0 3 , 5 0 0 salary expense 1 2 ,...

The ending balance of retained earnings for a year can be calculated using the following formula End ...

The following information shows ABC co . . accounting records: Retained earnings, 1 / 1 / 2

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Question:

The following information shows ABC co

.

accounting records:

Retained earnings,

1 / 1 / 2020

50, 000

Advertising expense

1, 500

utilities expense

2, 000

Insurance expense

1, 200

selling expense

3, 500

salary expense

12, 000

Sales revenue

95, 000

Dividend

4, 800

Investment

15, 000

What is the ending balance of retained earnings for the year of

2020 ?

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College Accounting A Contemporary Approach

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The following information shows ABC co . . accounting records: Retained earnings, 1 / 1 / 2

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