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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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