Anne Corporation had the following account balances: $1,120 Accounts Payable Accounts Receivable $2,450 Cash Common Stock Deferred Revenue $5,980 $1,680 $1,275 Anne Corporation was missing the account balance for retained earnings. What is Anne Corporation's balance in retained earnings?

Anne Corporation had the following account balances: $1,120 Accounts Payable Accounts Receivable $2,450 Cash Common Stock Deferred Revenue $5,980 $1,680 $1,275 Anne Corporation was missing the account balance for retained earnings. What is Anne Corporation's balance in retained earnings?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Question

Can you solve this financial accounting question with the appropriate financial analysis techniques?

Anne Corporation had the following account balances:
$1,120
Accounts Payable
Accounts Receivable $2,450
Cash
Common Stock
Deferred Revenue
$5,980
$1,680
$1,275
Anne Corporation was missing the account balance for
retained earnings.
What is Anne Corporation's balance in retained
earnings?

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Subject : Accounting