GB 518 Course Great Wisdom / tutorialrank.com GB 518 Course Great Wisdom / tutorialrank.com | Page 10

$4,000

$6,000

$14,000

$18,000

Question 16. Question :
Based on the following information,
what would be the beginning balance in the Retained Earnings
Account, assuming all accounts have a normal balance?
Cash $ 6,754

Dividends

Accounts receivable $ 13,733
13,718

$ 2,000
Consulting fees earned

Office supplies

$ 2,625

Land $ 37,153

Salaries expense

Office equipment

$ 14,535

Telephone expense

Accounts payable
280

$ 6,463

Miscellaneous expense

$

Rent expense $ 3,673
$ 6,642
$ 560
$