December Total liabilities 31 December 2021 Share Capital 31 December 2021 Retained Earnings 31 December 2021 Profit for 2021 Dividends declared and paid during 2021 331500 84600 30000 425300 134200 125684 22400 23540 84220 99210

December Total liabilities 31 December 2021 Share Capital 31 December 2021 Retained Earnings 31 December 2021 Profit for 2021 Dividends declared and paid during 2021 331500 84600 30000 425300 134200 125684 22400 23540 84220 99210

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

I am really struggling with my accouting homework please help me :)

The information below represents selected data from the 31 December 2021 balance sheets and
income statement for the year ended.
Red Ltd
$
Total assets 31
December 2021
Total liabilities 31
December 2021
Share Capital 31
December 2021
Retained Earnings 31
December 2021
Profit for 2021
Dividends declared
and paid during 2021
Retained earnings 1
January 2021
642000
331500
84600
30000
350500
Blue Ltd
$
844600
425300
134200
125684
22400
Green Ltd
$
642150
23540
84220
99210
16220

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