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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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DATE ANSWEREDOct 07, 2020
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