Based on the following items shown on the adjusted trial balance sheet for the year 2022, calculate the balance of retained earnings shown on the balance sheet at the end of the year 2022. Accounts Dr. ($) Cr. ($) Cash 1,000 Inventory 50,000 Prepaid expense 400 Unearned revenue 800 Sales revenue 50,000 COGS 15,000 Loss on PPE revaluation (P&L) 3,000 Gains on Land revaluation (OCI) 700 Dividend payable 2,000 Declared dividend 6,000 Retained earnings (o/b) 30,000 General reserve 5,000 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Based on the following items shown on the adjusted trial balance sheet for the year 2022, calculate the balance of retained earnings shown on the balance sheet at the end of the year 2022. Accounts Dr. ($) Cr. ($) Cash 1,000 Inventory 50,000 Prepaid expense 400 Unearned revenue 800 Sales revenue 50,000 COGS 15,000 Loss on PPE revaluation (P&L) 3,000 Gains on Land revaluation (OCI) 700 Dividend payable 2,000 Declared dividend 6,000 Retained earnings (o/b) 30,000 General reserve 5,000 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 53BE

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Non-current assets Property, plant and equipment Development Expenditure Current assets Inventories Trade receivables Investments Cash Total assets Equity Share capital-$1 Ordinary shares Share premium Revaluation surplus Retained Earnings Non-Current liabilities 12% Debentures Finance Lease Liabilities Deferred Tax Current Liabilities Trade payables Finance Lease Liabilities Current Tax Debenture interest Bank overdraft Total equity and liabilities 2018 $'000 925 290 1,215 360 274 143 29 806 2021 500 350 160 229 1,239 150 100 48 298 274 17 56 132 484 2,021 2017 $'000 737 160 897 227 324 46 117 714 1611 400 100 60 255 815 100 80 45 225 352 12 153 54 571 1,611
Given the following account balances of MASK RIDER Co. for the year ended December 31, 2020, propare a Statomont of Financial Position using the report form. Mask Rider, capital Beg. Balance PO Contribution 30, 000 DUE ON MAY 15, 2021 Withdrawal 15, 000 Additional contribution 5, 000 Net Income Ending Balance 57, 450 Property, Plant and Equipment P 300, 000 Accumulated Depreciation 5, 000 Accounts payable 8, 110 Unearned income 1, 395 Cash 44, 535 Prepaid rent 5, 000 Salaries payable 1, 000 Long-term note payable 23, 000 Accounts receivable 575 Merchandise Inventory 15,345 Utlities payable 4, 000
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If Net Working Capital Current Assets - Current Liabilities, what is Kelley Corp's net working capital for the year ending December 31, 2023, given the following account balances? Accounts Receivable: $40 Equipment: $20 Accumulated Depreciation: $10 Patent: $50 Inventory: $15 Accounts payable: $30 Goodwill: $65 Long-term note payable: $70 =