TRUCTOBREN PETERSON E Expenses Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense...

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TRUCTOBREN PETERSON E Expenses Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense

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Answer 1

Answer #1

Calculate ending retained earnings

Beginning retained earnings	50000
Less: net (loss)	-7500
Less: Dividend	-10000
Ending retained earnings	32500

So answer is a) $32500

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Answer 2

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TRUCTOBREN PETERSON E Expenses Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense...

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