Given the following information for Sourtap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $185,000 Salaries expense $75,500 Revenue $190,500 Accounts receivable $13,400 Cash $7,800 Rent expense $14,000 Admin expense $50,000 Supplies expense $1,700 Bank loan payable $50,000 Dividends $5,000 Common shares $10,000 (do not include the "." or "$" in your answer.)

Given the following information for Sourtap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $185,000 Salaries expense $75,500 Revenue $190,500 Accounts receivable $13,400 Cash $7,800 Rent expense $14,000 Admin expense $50,000 Supplies expense $1,700 Bank loan payable $50,000 Dividends $5,000 Common shares $10,000 (do not include the "." or "$" in your answer.)

Name: Given the following information for Sourtap Corp., what would be the
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Description: Given the following information for Sourtap Corp., what would be the ending balance in retained earnings:Beginning retained earnings $185,000Salaries expense $75,500Revenue $190,500Accounts receivable $13,400Cash $7,800Rent expense $14,000Admin expe

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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