Question: Calculate the dollar amount for total assets on our balance sheet at the end of the current year (December 31). These questions are based on
Calculate the dollar amount for total assets on our balance sheet at the end of the current year (December 31).
These questions are based on the following information compiled for our company at the end of the current year: Cash Accounts receivable Equipment Vehicle Accounts payable Unearned revenue Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense $2,000 $3,050 $100 $4,000 $1,000 $1.500 $1,000 $4.150 (Balance as of January 1 of the current year) $500 $4,000 $1.500 $300 Advertising expense $200 Calculate the dollar amount for net income on our current year's income statement (December 311 15) Calculate the dollar amount for retained earnings on our balance sheet at the end of the current year December 31)
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