Homework Answers
Answer-13-The increase in retained earnings= Net Income - Dividends
$10,000=$14,000-Dividends
Dividends= $14,000-$10,000
Dividends= $4,000
Hence, the correct option is C.$4,000
14-The correct option is B.Investment of $5,000 cash in the business by selling additional shares of common stock.
Issue of shares in cash will increase cash and common stock both.
15-The correct option is E.None of the above
Explanation:-
Purchase of computer printer for $23,000 will increase the assets as debit what comes in and decrease the assets as cash goes out from business. So none of the choice is correct.
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