Ask Experts Questions for FREE Help !
Ask
    MURIEL6715's Avatar
    MURIEL6715 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 25, 2008, 05:42 PM
    accounting assistance
    from the data given below, calculate the retained earnings balance(using the retained earnings equation)as of December 31,2009.

    retained earnings, December 31,2008 420,000
    cost of equipment purchased during 2009 125,000
    net loss for the year ended dcember 31,2009 43,000
    dividends declared and paid in 2009 55,000
    decrease in cash balance from jan 1,2009 to dec 31,2009 12,000
    decrease in long-term debt in 2009 67,000
    moonkhan's Avatar
    moonkhan Posts: 32, Reputation: 1
    Junior Member
    		  
    #2

    Aug 26, 2008, 11:00 PM
    Identify whether a debit or credit yields the indicated change for each of the following accounts,
    1.To decrease unearned Revenue
    2. To increase Fees Earned
    3. To increase Account Receivable
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting need assistance with adjusted trial balance, doesn't balance [ 3 Answers ]

1. Office supplies on hand at year end amounted to $ 420 2. The equipment costing $30,000 has an expected life of six years and no salvage value. Mike uses straight-line depreciation. 3. A premium of $ 1500 for a one year insurance policy was paid on November 1. 4. Wages earned by employees but...

What is the difference between Managerial Accounting and Cost Accounting ? [ 3 Answers ]

Hello Dears, I want to know about the difference between Managerial Accounting and Cost Accounting. Thanks ! Sincerely Yours, Mohammad Naim

Accounting Grade 11 Chapter 13 Need Assistance [ 1 Answers ]

Precision Tools Limited is a company incorporation with 220 000 common shares outstanding. On March 1, 20- the board of directors of the company declared a dividend of 25 cents to be paid on March to shareholders of record on March 15. :confused: I don't Understand the question :confused: ...

Accounting assistance needed [ 4 Answers ]

1) Which one of the following changes describes the receipt of 3.000 from the issuance of a long term note payable? a. assets and owners' equity increase by 3,000 b. assets and owners' equity decrease by 3,000 c. assets and liabilities increase by 3,000 d. assets and liabilities decrease...

View more questions Search