stmj001
Sep 7, 2013, 10:40 AM
Solving for (a) I know Assets= liabilities-Stockholders Equity but figure expenses and dividends play into this somehow. I am a beginning student and need help not only finding the right answer but also I really need to understand how to figure it.
Beginning
Assets $28,000
Liabilities 18,600
Ending
Assets 30,100
Liabilities 17,300
During the year
Sales Revenue (a)
Expenses 8,500
Dividends 3,000
Beginning
Assets $28,000
Liabilities 18,600
Ending
Assets 30,100
Liabilities 17,300
During the year
Sales Revenue (a)
Expenses 8,500
Dividends 3,000