Current Attempt in Progress The income statement for the year 2021 of Pearl Co. contains the following information: Revenues $71300 Expenses: Salaries and Wages Expense $42800 Rent Expense 12600 Advertising Expense 9500 Supplies Expense 6000 Utilities Expense 2400 Insurance Expense 2000 Total expenses 75300 Net income (loss) $(4000) At January 1, 2021, Pearl reported retained earnings of $48900. Dividends for the year totalled $8900. At December 31, 2021, the company will report retained earnings of 00 $28000. ○ $44900. $36000. ○ $40000.

Current Attempt in Progress The income statement for the year 2021 of Pearl Co. contains the following information: Revenues $71300 Expenses: Salaries and Wages Expense $42800 Rent Expense 12600 Advertising Expense 9500 Supplies Expense 6000 Utilities Expense 2400 Insurance Expense 2000 Total expenses 75300 Net income (loss) $(4000) At January 1, 2021, Pearl reported retained earnings of $48900. Dividends for the year totalled $8900. At December 31, 2021, the company will report retained earnings of 00 $28000. ○ $44900. $36000. ○ $40000.

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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Prince Corporations accounts provided the following information at December 31, 2019: What should be the current balance of retained earnings? a. 520,000 b. 580,000 c. 610,000 d. 670,000
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Please answer in good accounting form. Thankyou What is the retained earnings balance ending December 31, 2021?
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