Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 2$ Ending retained earnings 2$ Total assets $
Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 2$ Ending retained earnings 2$ Total assets $
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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Question
![Use the following information for the year ended December 31, 2022.
Supplies
$ 1,800
Service revenue $ 19,500
Operating expenses
11,000
Cash
14,100
Accounts payable
11,600
Dividends
5,200
Accounts receivable
4,400
Notes payable
1,000
Common stock
9,000
Equipment
9,700
Retained earnings (beginning)
5,100
Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Net income / (net loss)
$
Ending retained earnings
Total assets
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b597959-7ecb-4d21-b3da-12d4180c393d%2Fe49d5e87-d754-4b94-82aa-ebc7d1513b78%2Fi8d2j1_processed.png&w=3840&q=75)
Transcribed Image Text:Use the following information for the year ended December 31, 2022.
Supplies
$ 1,800
Service revenue $ 19,500
Operating expenses
11,000
Cash
14,100
Accounts payable
11,600
Dividends
5,200
Accounts receivable
4,400
Notes payable
1,000
Common stock
9,000
Equipment
9,700
Retained earnings (beginning)
5,100
Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Net income / (net loss)
$
Ending retained earnings
Total assets
%24
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