What is the ending balance of Retained Earnings at the end of Year 6? $ Balance Sheet

  What is the ending balance of Retained Earnings at the end of Year 6? $

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Balance Sheet June 30th, Year 5 Assets Cash 10,000 Accounts receivables 34,000 Inventory Prepaid Insurance Capital Assets Accumulated depreciation (40,000) Total Assets 268,000 60,000 4,000 200,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Notes Payables 19,000 4,000 1,000 80,000 100,000 Common Shares Retained Earnings 64,000 Total Liabilities and Equity 268,000 Balance Sheet June 30th, Year 5 Assets Cash 10,000 Accounts receivables 34,000 Inventory Prepaid Insurance Capital Assets Accumulated depreciation (40,000) Total Assets 268,000 60,000 4,000 200,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Notes Payables 19,000 4,000 1,000 80,000 100,000 Common Shares Retained Earnings 64,000 Total Liabilities and Equity 268,000

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An swer Amounts in dollars Requirement 1 The following are the amount of Cash Received from Customers Cash received from the customers is the amount t... View the full answer