A) 10,320
B) 770
C) 11,100
D) 8,750
Homework Answers
Correct answer------------(C) $11,100
Working
| Assets = | Liabilities+ | Equity |
So liabilities = Assets - Equity
| Assets | $ 22,150.00 |
| Equity | $ 11,050.00 |
| Liabilities = (22150-11050) | $ 11,100.00 |
.
| Common stock | $ 5,000.00 |
| Ending retained earnings | $ 6,050.00 |
| Total Equity | $ 11,050.00 |
Add Answer to:
A) 10,320
B) 770
C) 11,100
D) 8,750
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A) 8,750 B) 8,020 C) 4,300 D) 5,000 Required information The year-end financial statements of Grunewald...
A)
8,750
B) 8,020
C) 4,300
D) 5,000
Required information The year-end financial statements of Grunewald Company contained the following $22,150; Common Stock = $5,000; $770; Beginning Retained Earnings = $3,750; Ending elements and corresponding amounts. Assets = $11,090; Dividends Revenue %3D Retained Earnings = $6,050. Based on this information, the amount of expenses on Grunewald's income statement was
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BCOMM
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BCOMM
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