Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 2$ Ending retained earnings 2$ Total assets $

Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 2$ Ending retained earnings 2$ Total assets $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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