The following financial statement items are for Bridgeport Corporation at year-end, July 31, 2025. Operating expenses $27,950 Interest payable $860 Salaries and wages expense 38,430 Supplies expense 780 Unearned sales revenue 10,320 Dividends declared 10,320 Utilities expense 2,230 Depreciation expense 2,580 Equipment 54,100 Retained earnings, August 1, 2024 15,430 Accounts payable 3,620 Rent expense 9,300 Service revenue 97,690 Income tax expense 4,300 Rent revenue 15,910 Supplies 1,290 Common stock 21,500 Debt investments (short-term) 17,200 Cash 4,350 Bank loan payable (due December 31, 2025) 18,760 Accounts receivable 14,700 Interest expense 1,720 Accumulated depreciation-equipment 5,160

The following financial statement items are for Bridgeport Corporation at year-end, July 31, 2025. Operating expenses $27,950 Interest payable $860 Salaries and wages expense 38,430 Supplies expense 780 Unearned sales revenue 10,320 Dividends declared 10,320 Utilities expense 2,230 Depreciation expense 2,580 Equipment 54,100 Retained earnings, August 1, 2024 15,430 Accounts payable 3,620 Rent expense 9,300 Service revenue 97,690 Income tax expense 4,300 Rent revenue 15,910 Supplies 1,290 Common stock 21,500 Debt investments (short-term) 17,200 Cash 4,350 Bank loan payable (due December 31, 2025) 18,760 Accounts receivable 14,700 Interest expense 1,720 Accumulated depreciation-equipment 5,160

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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Subject :- Accounting
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