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What is the balance of retained earnings on december

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Reference no: EM132703598

A6f Construction Company has the following account balances reported on its financial statements on December 31, 2019. In addition, the company did not issue any common stock during 2019. All accounts on financial statements have been adjusted and reported.

Equipment (net) $550
Deferred revenue 125
Salaries expense 60
Depreciation for the year 80
Common stock 60
Supplies 100
Notes payable 180
Service revenue 360
Cash 80
Dividend paid during the year 25
Retained earnings ?

Problem 1: What is the net income reported in 2019?

Problem 2: What is the balance of total assets on December 31, 2019?

Problem 3: What is the balance of retained earnings on December 31, 2019?

Reference no: EM132703598

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