Balance of retained earnings-balance sheet

Reference no: EM13258793

As of January 1st, retained earnings has a credit balance of21,800. During the year, dividends totaled 1,500, and thebusiness incurred a net loss of 24,000.

a. Calculate the balance of retained earnings as of the end ofthe year.

b. Assuming that tere have been no recordings errors, will the balance sheet prepared at December balance?

Reference no: EM13258793

Questions Cloud

What is the main operation when a comparator is in cascade : What is the main operation when a comparator cascade with an active third order low pass filter, with a feedback of output to input.

Find each year-s absorption costing net operating income : Determine each year's absorption costing net operating income. In year 4 the company's variable costing net operating incomewas $240.200.

Direct write-off method of accounting problem : Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.

Find the maximum velocity of the moving electron : An electron of mass 9.1E-31 kg is released from rest at a distance of 7.1 E-10 m from a fixed electron. Find the maximum velocity (in meters/second) of the moving electron after release

Balance of retained earnings-balance sheet : Calculate the balance of retained earnings as of the end ofthe year. Supposing that tere have been no recordings errors, will the balance sheet prepared at December balance?

What is the phase shift between the two signals : Consider two signals that have the same frequency. When the amplitude of the first signal is at its maximum, the amplitude of the second signal is at half its maximum from the zero level. What is the phase shift between the two signals

How can marketers gather essential information : How have you responded in the past when asked to participate in a survey on the phone or Internet? Did you participate? Why or why not? Was privacy a concern?

What is the yield to call : What is the yield to call, if they are called in 5 years? Round your answer to two decimal places.

Transaction affect green peas accounts : On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts?

User Account

All Pages