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Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?

Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?
Transcribed Image Text:Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Debit Credit $700 1000 2000 1800 Inventory Supplies Prepaid Rent Land 600 6500 Building Accumulated Depreciation 39,400 $8200 7300 Building Accounts Payable Unearned Revenue Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expensc Depreciation Expense- Building Utilities Expense Totals 4500 2200 6400 2700 800 33,800 1200 1200 6700 1400 1800 $65.100 $65.100 What is the Retained Eamings balance at December 31, 2019?
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