On July 1,2007, Harby Inc. reported a cash balance of $24,000. During July, Harby made deposits of $6,000 and made disbursements totalling $32,000. What is the cash balance at the end of July???

On Jan 1, 2007, Williams Inc. reported Retained Earnings of $140,000. During 2007, Williams had a net loss of $40,000 and paid dividends to the stockholders of $30,000. At dec 31,2007, what is the balance in retained earnings?