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Answered: - 3. what are ending retained earnings in the table bellow? Total


please find attached 2 questions from a current homework i have. please help me with the correct answer.


3. what are ending retained earnings in the table bellow?

 

Total Assets

 

Total Liabilities

 

Total Stockholder Equity

 

Beginning Retained Earnings

 

Ending Retained Earnings

 

Dividends

 

Revenues

 

Expenses

 

Net Income

 

Cash

 

Not enough information

 

-20

 

20

 

50

 

70

 


 

300

 

120

 

30

 

?

 

10

 

190

 

140

 

50

 


 

7. Which of these journal entries represent paying cash to reduce a liability? (check all that

 

apply)

 

Dr Retained Earnings 500

 

Cr Cash 500

 

Dr Land 100

 

Cr Cash 100

 

Dr Cash 300

 

Cr Accounts Payable 300

 

Dr Income Taxes Payable 500

 

Dr Cash 500

 

Dr Cash 1000

 

Cr Notes Payable 1000

 


 

 


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