The Retained earnings account has a credit balance of $30,600 before closing entries are made. Of total revenues for the period are $95,200, total expenses are $70,200, and dividends are $16,200, what is the ending balance in the Retained earnings account after all closing entries are made?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The Retained earnings account has a credit balance of $30,600 before closing entries are made. Of total revenues for the period are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are 2 ways you can do your taxes
Answers (2)
A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment. Which of the following items would be increased by the bank loan and equipment purchase transactions? (check all that apply) A.
Answers (1)
What is the meaning of a team? A. group of people who work simultaneously on various projects B. group of people who work together to achieve different goals C. group of people who compete against each other to achieve a common goal D.
Answers (1)
Use the following information for #22 and #23: Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000.
Answers (1)
Assume that a firm had such serious financial problems that it was about to be liquidated after a bankruptcy.
Answers (1)
New Questions in Business
Identify whether each statement in the following table best illustrates the concept of consumers' surplus, producers' surplus, or neither.
Answers (1)
How many units would have to be sold to yield a target operating income of $26,000, assuming variable costs are $27 per unit, total fixed costs are $2,000, and the unit selling price is $32?
Answers (1)
Zane's leadership style includes delegating tasks to his employees and giving them the freedom to perform the tasks using any strategy they see fit. this demonstrates which of the critical management skills suggested by katz
Answers (1)
Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, community recycling, and education. This initiative is an illustration of a CSR program. True or False?
No Answers
Suppose the Board of Directors of The Staten Island Suppliers Co. announces on October 4th that the regular quarterly dividend of 50 cents per share will be payable to the holders of record at the close of business on November 15th 2019.
Answers (1)