Presented below is information related to Williams and Douglas, Attorneys at Law.Retained earnings, January 1, 2014 . 23,000Legal service revenue-2014 . 340,000Total expenses-2014 . . 211,000Assets, January 1, 2014 85,000Liabilities, January 1, 2014 .. ..... 62,000Assets, December 31, 2014. 168,000Liabilities, December 31, 2014 ........

Quality Instruments had retained earnings of $320,000 at December 31, 2020. Net income for 2021 totaled $215,000, and dividends declared for 2021 were $95,000. How much retained earnings should Quality report at December 31, 2021? OA. $415,000 OB. $440,000 OC. $320,000 OD. $535,000

61. Using Financial Statements for 2018-2019. Net working capital for 2019 is $4,427,200. TRUE OR FALSE?

A long term note ($400,000 face value) matured. The interest of $40,000 was paid but the principle was not. Here is question 2.  Expenditures—Debt Service—Principal.................................................                                     Expenditures—Debt Service—Interest.......................................                                            Cash................................................................................                                                                        Defaulted Note Payable