18. Compute the missing figures for Retained Earnings. The balance sheet items for The Oven Bakery (arranged in alphabetical order) were as follows at August 1, 2011. (You are to compute the missing figure for Retained Earnings.) Accounts Payable... $16,200 Equipment and Fixtures .... $44,500 Accounts Receivable 11,260 Land .... 67,000 Building..... Capital Stock Cash.... Notes Payable .. Salaries Payable 84,000 74,900 80,000 8,900 6,940 Supplies... 7,000

18. Compute the missing figures for Retained Earnings. The balance sheet items for The Oven Bakery (arranged in alphabetical order) were as follows at August 1, 2011. (You are to compute the missing figure for Retained Earnings.) Accounts Payable... $16,200 Equipment and Fixtures .... $44,500 Accounts Receivable 11,260 Land .... 67,000 Building..... Capital Stock Cash.... Notes Payable .. Salaries Payable 84,000 74,900 80,000 8,900 6,940 Supplies... 7,000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter4: Income Measurement And Accrual Accounting

Section: Chapter Questions

Problem 4.33E

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