$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
$ 2,000
Accounts receivable $ 13,733
Consulting fees earned
$ 13,718
Office supplies
$ 2,625
Rent expense $ 3,673
Land $ 37,153
Salaries expense
$ 6,642
Office equipment
$ 14,535
Telephone expense
$
560
Accounts payable
$ 6,463
Miscellaneous expense
$ 280
Common stock
$ 54,490
Retained Earnings
?
Question 17. Question :
statements is incorrect?
Which of the following
An income statement reports revenues
earned less expenses incurred
An unadjusted trial balance shows the
account balances after they have been revised to reflect the
effects of end-of-period adjustments