User Account

All Pages

What is the retained earnings account balance

Assignment Help Accounting Basics
Reference no: EM133113514

Question - The following account balances were taken from the adjusted trial balance of Kendall Company:

Revenues $27,800

Operating Expenses 16,800

Dividends 6,300

Retained Earnings 18,800

Required - What is the Retained Earnings account balance that will be included on the post-closing trial balance?

A. $4,700

B. $29,800

C. $11,000

D. $23,500

Reference no: EM133113514

Questions Cloud

MGT5STR Strategic Management Assignment : MGT5STR Strategic Management Assignment Help and Solution, La Trobe University - Assessment Writing Service
Historical and implications in economic perspective : Give five objective of the study in bretton wood system: historical and implications in economic perspective.
Explain the firm weighted average cost of capital : The firm reports debt of $40,000 and equity of $55,000. If the tax rate is 21.0 percent, what is the firm's weighted average cost of capital (WACC)?
What is the yield to maturity-carrie clothes inc : Carrie's Clothes, Inc. has a five-year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890.
What is the retained earnings account balance : The following account balances were taken from the adjusted trial balance of Kendall Company: What is the Retained Earnings account balance
Calculate the net cost of insurance : Suppose you are 30 and have a $55.000 face amount, 20-year, limited-payment, participating policy (dividends will be used to build up the cash value of the poli
Journalize the transaction related to griffin disposition : Griffin purchased a bond on January 1, 2024, for $140,000. Journalize the transaction related to Griffin's disposition of bond at maturity on December 31, 2033
Net earnings for the current fiscal year : Now a brand new company called Exxon Capital is planning $700 million for investing in positive NPV projects. The target structure of the company is currently 7
Learning about tfsas and resps : After speaking with you and learning about TFSAs and RESPs, here are a number of objectives Majid and Mina have set for themselves.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much should be recorded as the purchase price

How much should be recorded as the purchase price of the individual PPE items? Equipment has an invoice price of P1,000,000, and a credit term of 2/30, n/60.

  Sam works at the enrico arpaci mens clothing boutique in

sam works at the enrico arpaci mens clothing boutique in beverly hills earning 30000 per year. at work he wears enrico

  The following transactions of vicky day care center

For each of the following transactions of Vicky Day Care Center, identify the accounts that would be increased and those that would be decreased

  What is the book value of this machine

The salvage value is $500. What is the book value of this machine on Dec 31, 2010, after the first year's depreciation

  Prepare a depreciation worksheet for the period

Prepare a Depreciation Worksheet for the period that the motor vehicle is owned. On 30th April 2016, Shelley purchased a new motor vehicle from Steven Motors

  What is a stock market

Question - What is a stock market? Why do companies get listed in stock market and how does an individual benefit from stock trade

  What was the ending inventory and cost of goods sold

On June 1, 2019 it made its only sale of sand for the year amounting to 80 tons. What was the ending inventory and cost of goods sold value

  What is a major tax law incentive to encourage savings

Savings leads to capital formation and thus makes funds available to finance home construction and industrial expansion. What is a major tax law incentive

  Discuss regulatory requirements and various factors

Discuss regulatory requirements and various factors that accountants should consider when setting up accounting policy relating to inventory

  Prepare a multiple-step income statement

Presented below is information related to Dickinson Company for 2010. Prepare a multiple-step income statement and a retained earnings statement

  Gaap and health care

Some generally accepted accounting principles (GAAP) apply only to health care, and there are many health care organizations that use other comprehensive bases of accounting when GAAP does not apply

  Compute Belkin acid-test ratio

Question - The following information on current assets and current liabilities is for Belkin Company. Compute Belkin acid-test ratio

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd