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 Stockholder Equity
Beginning Retained Earnings
Ending Retained Earnings
Not enough information
7. Which of these journal entries represent paying cash to reduce a liability? (check all that
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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