alosnomolina1122
24.09.2020 •
Business
Simon Inc. has the following account balances before the closing,
Retained earnings: 2,520 (Credit) D
ividends: 960 (Debit)
Service revenues: 21,920 (Credit)
Wages expense: 3,200 (Debit)
Supplies expense: 1,120 (Debit)
Depreciation expense: 960 (Debit)
Refer to the above data. After closing the temporary accounts, Retained Earnings at December 31 equals:
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Ответ:
$18,200
Explanation:
Retained earnings. $2,520
Add: Service revenue $21,920
$24,440
Less : Expenses
Wages expenses (3,200)
Supplies expense (1,120)
Depreciation exp. (960)
Total expenses. (5,280)
Net income 19,160
Less dividends. (960)
Retained earnings 18,200
Retained earnings at 31 December is $18,200
Ответ:
C managing his liquidity
Explanation:
Right on edg. 2021