Assume you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable$33,000 Accounts Receivable 59,950 Cash 13,500 Common Stock 63,030 Dividends 230 Equipment 32,000 Notes Payable 1,500 Operating Expenses 61,700 Other Expenses 9,000 Sales Revenue 87,300 Supplies 8,450 Prepare a statement of retained earnings for the year ended December 31.
Solved
Show answers
More tips
- S Science and Technology Exploring Our Galaxy: How Many Planets are in the Milky Way?...
- S Science and Technology Colliders: How They Work and Why They Matter...
- A Animals and plants Unraveling the Mystery of Loch Ness: What Does the Loch Ness Monster Look Like?...
- L Leisure and Entertainment How Many Seasons are There in the TV Show Interns?...
- S Sport Playing Bowling: Rules and Advice for Novices...
- L Leisure and Entertainment The Best Film of 2010: A Look Back at the Academy Awards...
- S Sport How to Learn Swimming? Simple Tips for Beginners...
- C Computers and Internet What is Web 2.0 and How Does it Work?...
- C Computers and Internet War of Social Media: Which Platform is the Leader?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
Answers on questions: Business
- B Business A woman visited a local and independent mortgage broker to secure a home loan. The independent broker was able to help her decide which one of the various mortgage products...
- B Business Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,480, and a new model, the Majestic, which sells for $1,270. The...
- B Business Frederico owns a coffee shop and is required to pay sales taxes on the total amount he earns in his coffee shop. Who assessed this tax? A. Consumer court B.coffee suppliers...
- H History The decolonization of africa and asia took place over a period of...
- M Mathematics Write the prime factorization of 48. use exponents when appropriate and order the factors from least to greatest...
- G Geography Japan had no interest in expanding in the 1930s. true false...
- M Mathematics 20 point jack was so frustrated with his slow laptop that he threw it out of his school second-story window. the hieght h of the laptop at time t seconds can be given by the...
- M Mathematics Answer asap ! quadrilateral abcd can be mapped onto quadrilateral efgh with a followed by a figures are__ first space: reflection translation rotation dialation second space:...
- S Social Studies What does it mean to say that an individual has acclimatized to a particular environment?...
- M Mathematics Card in a pack are black and red in a ratio black: red=2: 5 what fraction of the cards are red a)7/10 b)2/5 c)5/7 d)2/7 me to why is 5/7?...
Ответ:
Ending retained earnings is $ 16,370.00
Explanation:
Before preparing the statement of retained earnings for the year ended December 31, the net income for the current year needs to be ascertained.
net income=sales revenue-operating expenses-other expenses
net income=$87,300-$61,700-$9000=$ 16,600.00
Statement of Retained earnings for the year ended 31 December:
Beginning retained earnings $0
net income $16,600
dividends ($230)
ending retained earnings $ 16,370.00
Ответ:
you dont need to know
Explanation: