Eilish Company had the following account balances. Accounts Payable $ 948 Accounts Receivable $ 1,694 Cash...
Eilish Company had the following account balances.
Accounts Payable $
948
Accounts Receivable $ 1,694
Cash $ 4,736
Common Stock $ 1,374
Deferred Revenue $ 1,007
Eilish was missing the account balance for retained earnings. What is Eilish's balance in retained earnings?
Homework Answers
The retained earnings balance = $ 3101
Calculation
Retained earnings = account receivable +cash- account payable-common stock - deferred revenue
= 1694+ 4736 - 948 - 1374 - 1007
= $ 3329
Add Answer to:
Eilish Company had the
following account balances.
Accounts Payable $
948
Accounts Receivable $ 1,694
Cash...
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