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QUESTION 9 For the year ended December 31, Year 2 For the year ended December 31, Year 1 $ 6,500 $ 500 Revenues 1,500 Expenses Net Income December 31, Year 2 December 31, Year 1 $ 16,500 $1,000 Assets 500 Liabilities 300 300 Stock $. $ 200 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in Year 1 or Year 2. After determining the missing amounts ($. December 31, Year 2 Retained Earnings $. in the above financial statements, calculate and type in the

QUESTION 9 For the year ended December 31, Year 2 For the year ended December 31, Year 1 $ 6,500 $ 500 Revenues 1,500 Expenses Net Income December 31, Year 2 December 31, Year 1 $ 16,500 $1,000 Assets 500 Liabilities 300 300 Stock $. $ 200 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in Year 1 or Year 2. After determining the missing amounts ($. December 31, Year 2 Retained Earnings $. in the above financial statements, calculate and type in the

FINANCIAL ACCOUNTING
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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QUESTION 9 For the year ended December 31, Year 1 For the year ended December 31, Year 2 $ 6,500 $ 500 Revenues 1,500 Expenses Net Income December 31, Year 2 December 31, Year 1 $ 16,500 $ 1,000 Assets 500 Liabilities 300 300 Stock $. $ 200 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in Year 1 or Year 2. After determining the missing amounts ($. December 31, Year 2 Retained Earnings $ )in the above financial statements, calculate and type in the
Transcribed Image Text:QUESTION 9 For the year ended December 31, Year 1 For the year ended December 31, Year 2 $ 6,500 $ 500 Revenues 1,500 Expenses Net Income December 31, Year 2 December 31, Year 1 $ 16,500 $ 1,000 Assets 500 Liabilities 300 300 Stock $. $ 200 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in Year 1 or Year 2. After determining the missing amounts ($. December 31, Year 2 Retained Earnings $ )in the above financial statements, calculate and type in the
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