This information relates to Roses Rentals Pty Ltd for the year 2019 Retained Earnings, 1 January 2019 590,000 Advertising 3,000 Dividends Paid during 2019 14,000 Rent 20,200 Hire Revenge 140,000 Electricity 4,800 Wages 56,000 Share Capital 40,000 Calculate the closing balance of Retained earnings at 31 December 2019 Select one 5146,000 5112,000 $116.000 d. 156.000 142,000 If a business had depreciation expense of 54.000 for the last half of the year when it coined a concurrent asset the set had no scrap value and a useful life of 7 years, how much did the set cost Select one O a $80,000 b. 570,000 562.000 160.000 556.000 Pressous page Which of the following expressions of the accounting equation is correct? Select one Assets Liabilities Opening Owner's Equity - Profit Drawings b. Liabilities Assets - Opening Owner's Equity Assets Liabilities Opening Owner's quity - Drawings Profit Capital injected d. Assets Owner's Equity - Liabilities cand d are correct Which if the following accounts has a normal credit balance? Select one: a. Purchases b. Sales returns and allowances c. Discount received O d. Freight in e. None of the above