Question

Question 16 O out of 1.5 points As of December 31, 2018, Hux Company had total cash of $197,700, notes payable of $62,300, and common stock of $15,680 and retained earnings of ?. During 2019, Hux eamed $168.990 of cash revenue, paid $80,900 for cash expenses, and paid a $5,400 cash dividend to the stockholders. What is Hux's total retained earnings at the end of 2019? Question 17 O out of 1.5 points Hart, Attorney at Law, experienced the following transactions in 2019, the first year of operations: 1 Purchased $1,532 of office supplies on account 2 Paid $1,253 of the amount due on accounts payable. 3 Determined that at the end of the accounting period $187 of office supplies remained on hand. What is the amount to be reported on the income statement related to transactions? Give your number as an absolute (do not use a 0, or - sign in your answer. Example if the outflow is 1,000, your answer would be 1.000 Question 18 O out of 1.5 points Little Grey Company earns $5.713 of revenue on account in Year 1. Cash collections of receivables amount to $3,064 in Year 1 with the remainder being collected in Year 2 Based on this information alone the company's financial statements would show revenues in year 2 of $.

Answer 1

This is the case of multiple questions. so as per the HOMEWORKLIB RULES i have done the first question. kindly rate me. if any doubt please ask.Thankyou