Marenelle Construction has begun retained earnings of $284,300. For the year, the company earned a net income of $13,700 and paid dividends of $9,000. The company also issued $25,000 worth of new stock. What is the value of the retained earnings account at the end of the year?

Marenelle Construction has begun retained earnings of $284,300. For the year, the company earned a net income of $13,700 and paid dividends of $9,000. The company also issued $25,000 worth of new stock. What is the value of the retained earnings account at the end of the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Hi expert please give me answer general accounting question

Marenelle Construction has begun retained earnings of
$284,300. For the year, the company earned a net income
of $13,700 and paid dividends of $9,000. The company
also issued $25,000 worth of new stock.
What is the value of the retained earnings account at the
end of the year?

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