question 1. Use the following information to calculate for the year ended December 31, 2019 (a) Net income (net loss) ? (b) Ending retained earnings? (c) Total assets? Supplies 1,500 Service revenue 19,000 Other operating expenses 10,000 Cash 15,000 Accounts payable 11,000 Dividends 6,000 Accounts receivable 4,000 Notes payable 1,000 Common stock 10,000 Equipment 9,500 Retained earnings (beginning) 5,000
question 1. Use the following information to calculate for the year ended December 31, 2019 (a) Net income (net loss) ? (b) Ending retained earnings? (c) Total assets? Supplies 1,500 Service revenue 19,000 Other operating expenses 10,000 Cash 15,000 Accounts payable 11,000 Dividends 6,000 Accounts receivable 4,000 Notes payable 1,000 Common stock 10,000 Equipment 9,500 Retained earnings (beginning) 5,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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question 1. Use the following information to calculate for the year ended December
31, 2019
(a) Net income (net loss) ?
(b) Ending
(c) Total assets?
Supplies 1,500 Service revenue 19,000
Other operating expenses 10,000 Cash 15,000
Accounts payable 11,000 Dividends 6,000
Common stock 10,000 Equipment 9,500
Retained earnings (beginning) 5,000
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