Homework Answers
| Retained earnings, December 31,2019 | 348600 |
| Add: Net income for the year | 55300 |
| Less: Dividends declared | -32600 |
| Retained earnings, December 31,2020 | 371300 |
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Retained earnings, December 31, 2019 Cost of buildings purchased during 2020 Net income for the year...
Refer to the data below. Retained earnings, December 31, 2019 $ 346,000 Cost of buildings purchased...
Refer to the data below. Retained earnings, December 31, 2019 $ 346,000 Cost of buildings purchased during 2020 48,000 Net income for the year ended December 31, 2020 56,600 Dividends declared and paid in 2020 32,600 Increase in cash balance from January 1, 2020, to December 31, 2020 23,200 Increase in long-term debt in 2020 45,600 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2020:
Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year...
Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year ended December 31, 2019 Dividends declared and paid in 2019 Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 $305,800 31,000 4,500 15,400 11,000 16,400 Required: From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of...
Calculate all parts. Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss...
Calculate all parts.
Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year ended December 31, 2019 Dividends declared and paid in 2019 Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 $313,100 28,000 4,750 14,600 14,800 15,600 Required: From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement...
Retained earnings, December 31, 2015 $ 307,600 Cost of equipment purchased during 2016 32,000 Net loss...
Retained earnings, December 31, 2015 $ 307,600 Cost of equipment purchased during 2016 32,000 Net loss for the year ended December 31, 2016 4,600 Dividends declared and paid in 2016 13,500 Decrease in cash balance from January 1, 2016, to December 31, 2016 11,600 Decrease in long-term debt in 2016 16,800 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by a minus sign.) Required: From the above data,...
ACCOUNTING HELP ASAP! Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Net loss for the...
ACCOUNTING HELP ASAP!
Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Net loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,700 39,000 4.500 14200 11.100 16,900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by a minus sign Statement of...
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings,...
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 $ 345,000 Increase in total liabilities during 2020 99,000 Gain on the sale of buildings during 2020 42,000 Dividends declared and paid in 2020 27,000 Proceeds from sale of common stock in 2020 96,000 Net income for the year ended December 31, 2020 123,000
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings,...
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 $ 345,000 Increase in total liabilities during 2020 99,000 Gain on the sale of buildings during 2020 42,000 Dividends declared and paid in 2020 27,000 Proceeds from sale of common stock in 2020 96,000 Net income for the year ended December 31, 2020 123,000
Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of...
Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of buildings during 2019 Dividends declared and paid in 2019 Proceeds from sale of common stock in 2019 Net income for the year ended December 31, 2019 $252,360 54,960 19,320 5,400 59, 280 27, 120 Required: From the above data, calculate the retained earnings balance as of December 31, 2018. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of...
From the data given below, calculate the Retained Earnings balance of December 31, 2019 From the...
From the data given below, calculate the Retained Earnings
balance of December 31, 2019
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained carnings, December 31, 2020 Increase in total liabilities during 2020 Gain on the sale of buildings during 2020 Dividends declared and paid in 2020 Proceeds from sale of common stock in 2020 Net income for the year ended December 31, 2020 $345, 000 99, 000 42, 000 27, 000 96, 000...
calculate retained earnings Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost...
calculate retained earnings
Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Not loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,300 41,000 4.950 17,000 11,600 15.900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be...
Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year ended December 31, 2019 Dividends declared and paid in 2019 Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 $305,800 31,000 4,500 15,400 11,000 16,400 Required: From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of...
Calculate all parts.
Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year ended December 31, 2019 Dividends declared and paid in 2019 Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 $313,100 28,000 4,750 14,600 14,800 15,600 Required: From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement...
ACCOUNTING HELP ASAP!
Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Net loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,700 39,000 4.500 14200 11.100 16,900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by a minus sign Statement of...
Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of buildings during 2019 Dividends declared and paid in 2019 Proceeds from sale of common stock in 2019 Net income for the year ended December 31, 2019 $252,360 54,960 19,320 5,400 59, 280 27, 120 Required: From the above data, calculate the retained earnings balance as of December 31, 2018. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of...
From the data given below, calculate the Retained Earnings
balance of December 31, 2019
From the data given below, calculate the Retained Earnings balance of December 31, 2019. Retained carnings, December 31, 2020 Increase in total liabilities during 2020 Gain on the sale of buildings during 2020 Dividends declared and paid in 2020 Proceeds from sale of common stock in 2020 Net income for the year ended December 31, 2020 $345, 000 99, 000 42, 000 27, 000 96, 000...
calculate retained earnings
Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Not loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,300 41,000 4.950 17,000 11,600 15.900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be...
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