Please help with my Accounting homework!! Total assets 31December 2021Total liabilities 31December 2021Share Capital 31December 2021Profit for 2021Dividends declaredand paid during 2021Red Ltd$Retained earnings 1January 2021642,000Retained Earnings 31 195900December 2021331,50084,600307500/-9460030000350500Blue Ltd$84460042530041930013420012568422400Green Ltd$64215023540842209921016220

Lets understand the basics.As per balance sheet equation, total assets are always equal to total…

otal assets 31 ecember 2021 otal liabilities 31 ecember 2021 hare Capital 31 ecember 2021 etained Earnings 31 ecember 2021 rofit for 2021 ividends declared nd paid during 2021 etained earnings 1 anuary 2021 $ 642,000 331,500 84,600 195900 307500/-94600 30000 350500 $ 844600 425300 419300 134200 125684 22400 $ 642150 23540 84220 99210 16220

otal assets 31 ecember 2021 otal liabilities 31 ecember 2021 hare Capital 31 ecember 2021 etained Earnings 31 ecember 2021 rofit for 2021 ividends declared nd paid during 2021 etained earnings 1 anuary 2021 $ 642,000 331,500 84,600 195900 307500/-94600 30000 350500 $ 844600 425300 419300 134200 125684 22400 $ 642150 23540 84220 99210 16220

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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