A1 Supply Company compiled the following financial information as of December 31, 2025: Service revenue Common stock Equipment Salaries and wages expense Rent expense Depreciation expense Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/2025 $1120000 240000 320000 400000 100000 500000 280000 80000 40000 160000 120000 320000 A1's retained earnings balance at December 31, 2025 is $40000. $320000. $440000. $360000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A1 Supply Company compiled the following financial information as of December 31, 2025:
Service revenue
Common stock
Equipment
Salaries and wages expense
Rent expense
Depreciation expense
Cash
Dividends
Supplies
Accounts payable
Accounts receivable
Retained earnings, 1/1/2025
$1120000
240000
320000
$40000.
$320000.
$440000.
O $360000.
400000
100000
500000
280000
80000
40000
160000
120000
320000
A1's retained earnings balance at December 31, 2025 is
Transcribed Image Text:A1 Supply Company compiled the following financial information as of December 31, 2025: Service revenue Common stock Equipment Salaries and wages expense Rent expense Depreciation expense Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/2025 $1120000 240000 320000 $40000. $320000. $440000. O $360000. 400000 100000 500000 280000 80000 40000 160000 120000 320000 A1's retained earnings balance at December 31, 2025 is
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