What's retained earnings. total stockholders' equity, and total liabilities and stockholders' equity?
calculation of retained earning | ||||
common stock+retained earning+liabilities=total assets | ||||
55000+retained earning+38440 =126830 | ||||
retained earning = 126830-93440 = 33390 | ||||
Balance sheet | ||||
assets | ||||
cash | 6240 | |||
accounts receivable | 3400 | |||
inventory | 2810 | |||
supplies | 3780 | |||
equipment | 110600 | |||
total assets | 126830 | |||
liabilities & stockholders equity | ||||
liabilities | ||||
accounts payable | 3700 | |||
interest payable | 530 | |||
notes payable | 32500 | |||
salaries & wages payable | 770 | |||
unearned service revenue | 940 | |||
total liabilities | 38440 | |||
stockholders equity | ||||
common stock | 55000 | |||
retained earning | 33390 | |||
total stockholder equity | 88390 | |||
total liablities & stockholder equity | 126830 |
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