Homework Answers
| 34 | Correct option is: A) Authorized shares | ||
| 35 | Correct option is: A) $61000 | ||
| Retained earnings | |||
| Balance | = | $ 85,000 | |
| Less: | Shares issued (1500 X $6) | = | $ 9,000 |
| Less: | Net Loss | = | $ 15,000 |
| Ending Balance | = | $ 61,000 | |
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