Retained earnings is calculated by adding net profit for the period and deducting dividends paid in cash.
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Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts Part 2 of 4 14.28 12,650 Cash dividends 12.800 Consulting revesue Accounts receivable of f ice uppl les office equipment 7.530Telephone expense...
dow Help [ ] 75% E, Wed 11:18 AM Help Save & Exit Submit Check my work ine rouowing mrormaion appiwes to ine quesbons aispvayea penow On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84.200 n assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. $10,710 Cash dividends Accounts receivable office suppiies Land office equipment Accounts payable Common Stock $...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $15, 140 12,720 2,110 46,010 16,780 7.360 82,890 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 830 12,720...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Check my On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85160 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Part 2 of 4 Cash Accounts receivable office asupplies Land Office equipment Accounts payable Common Stock $ 7,520 Cash dividends 3,190 18,000 4,720 8,220 900 710 18,000 Consulting revenue 10 points 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,580 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. $2,65 Cash Accounts receivable office supplies Land Office equipment Accounts payable Common Stock 9,390 Cash dividends 16,ee0 Consulting revenue 3,830 Rent expense 45,988Salaries expense 18,550 Telephone expense 9,e60 Miscellaneous expenses 84,588 16,880 4,190 7,570 830 650 Using the above information prepare...
Help Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue...
! Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0 $15,140 12,720 Cash dividends 830 Cash Consulting revenue 12,720 2,380 5,620 780 Accounts receivable office supplies 2,110 46,010 16,780 Rent expense Salaries expense...
Help Save & Exit 18 Submit Check my work Part 1 of 3 The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,400 134,000 4,400 22,000 240,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $119.000 10,400 9,400 3,400 24,000 140,000 44,000...