The following information appears on the balance sheet of Hamilto Accounts receivable $210,000 Accounts payable 195,000 Supplies 36,000 Cash 155,000 Equipment 760,000 Capital stock 630,000 What is the year-end balance in retained earnings?
The following information appears on the balance sheet of Hamilto Accounts receivable $210,000 Accounts payable 195,000 Supplies 36,000 Cash 155,000 Equipment 760,000 Capital stock 630,000 What is the year-end balance in retained earnings?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The following information appears on the balance sheet of Hamilton, Inc. at year-end:
Accounts receivable $210,000
Accounts payable
195,000
Supplies
36,000
Cash
155,000
Equipment
760,000
Capital stock
630,000
What is the year-end balance in retained earnings?
Select one:
O
a. $531,000
b. $321,000
c. $411,000
d. $336,000
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