PARRISH 5-5 TO 5-8 BELOW I HAVE LISTED FOUR QUESTIONS THAT NEED THE MISSING AMOUNT. PLEASE ANSWER ALL FOUR QUESTIONS. SHOW ME HOW YOU ARRIVED AT THE CORRECT ANSWER AND IN A FORMULA FORMAT IF POSSIBLE AND NOT AN EXCEL CHART. 5-5 Retained Earnings 1/1/07 $250,000 Net Income 83,000 Subtotal $333,000 Dividends UNKNOWN Retained Earnings 12/31/07 $283,000 5-6 Retained Earnings 1/1/08 $UNKNOWNNet Income 958,000 Subtotal $2,783,400 Dividends 500,000 Retained Earnings 12/31/08 $2,283,400 5-7 Retained Earnings 01/01/08 $983,123 Net Income 43,000 Subtotal $1,026,123 Dividends 50,000 Retained Earnings 12/31/08 $UNKNOWN 5-8 Retained Earnings 1/1/09 $575,603 Net Loss UNKNOWN Subtotal $498,667 Dividends 10,000 Retained Earnings 12/31/09 $488,667
PARRISH 5-5 TO 5-8
BELOW I HAVE LISTED FOUR QUESTIONS THAT NEED THE MISSING AMOUNT. PLEASE ANSWER ALL FOUR QUESTIONS. SHOW ME HOW YOU ARRIVED AT THE CORRECT ANSWER AND IN A FORMULA FORMAT IF POSSIBLE AND NOT AN EXCEL CHART.
5-5
Net Income 83,000
Subtotal $333,000
Dividends UNKNOWN
Retained Earnings 12/31/07 $283,000
5-6
Retained Earnings 1/1/08 $UNKNOWN
Net Income 958,000
Subtotal $2,783,400
Dividends 500,000
Retained Earnings 12/31/08 $2,283,400
5-7
Retained Earnings 01/01/08 $983,123
Net Income 43,000
Subtotal $1,026,123
Dividends 50,000
Retained Earnings 12/31/08 $UNKNOWN
5-8
Retained Earnings 1/1/09 $575,603
Net Loss UNKNOWN
Subtotal $498,667
Dividends 10,000
Retained Earnings 12/31/09 $488,667
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