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Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,310 Dividends 22,320 5,200 19,960 43,970 10,700 101,400 Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 5,950 26,960 9,500 5,560 820 470

Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,310 Dividends 22,320 5,200 19,960 43,970 10,700 101,400 Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 5,950 26,960 9,500 5,560 820 470

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
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Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,310 22,320 5,200 19,960 43,970 10,700 101,400 Dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 5,950 26,960 9,500 5,560 820 470
Transcribed Image Text:Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,310 22,320 5,200 19,960 43,970 10,700 101,400 Dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 5,950 26,960 9,500 5,560 820 470
account balance at December 1 was $0. Hint: Net income for December is $10,610. X Answer is not complete. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 Add: Net income Less: Dividends Retained earnings, December 31 $ 0 10,610 10,610 5,950 4,660
Transcribed Image Text:account balance at December 1 was $0. Hint: Net income for December is $10,610. X Answer is not complete. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 Add: Net income Less: Dividends Retained earnings, December 31 $ 0 10,610 10,610 5,950 4,660
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