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Find liabilities reported on the end-of-period balance sheet

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Reference no: EM131805393

The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $36,000; Liabilities = ?; Common Stock = $6,600; Revenue = $14,200; Dividends = $1,550; Beginning Retained Earnings = $4,550; Ending Retained Earnings = $8,600.

1. Required information

Based on this information, the amount of expenses on Calloway's income statement was

$4,050. $8,600. $17,200. $10,150.

2. Required information The amount of liabilities reported on the end-of-period balance sheet was

$13,150. $24,850. $11,150. $20,800.

Reference no: EM131805393

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