Ending retained Earnings balance to be? Account DR CR Cash $40,000 A/R 20,000 Rent Exp 12,000 Dividends 5,000 Sales Return 8,000 Wage Exp 15,000 Capital A/P $20,000 10,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Ending retained Earnings balance to be?
Account
DR
CR
Cash
$40,000
A/R
20,000
Rent Exp
12,000
Dividends
5,000
Sales Return
8,000
Wage Exp
15,000
Capital
A/P
Unearned Revenue
Sales
RE at the beginning
$20,000
10,000
5,000
35,000
30,000
Transcribed Image Text:Ending retained Earnings balance to be? Account DR CR Cash $40,000 A/R 20,000 Rent Exp 12,000 Dividends 5,000 Sales Return 8,000 Wage Exp 15,000 Capital A/P Unearned Revenue Sales RE at the beginning $20,000 10,000 5,000 35,000 30,000
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