smdavis1029
Jan 14, 2010, 10:16 AM
Computation of Ending Retained Earnings (NOTE: all items listed should be used)
Capital stock $30,000 Long-term loan payable $47,000
Dividends $4500 Retained earning (beginning) $15,000
Inventory $150,000 Cash $20,000
Net income (loss) $1,000 Machinery $60,000
Capital stock $30,000 Long-term loan payable $47,000
Dividends $4500 Retained earning (beginning) $15,000
Inventory $150,000 Cash $20,000
Net income (loss) $1,000 Machinery $60,000