Finding Revune Example Clarification I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here Revenue UNKOWN Expenses $6000 Dividends declared $3000 RE 1/1 $8000 12/31 $9000 9000=8000+(Rev-6000)-3000 This then is converted to the following to find Revenue Revenue=9000-8000+3000+6000 Why does 8000 turn negative and 3000 and 6000 turn positive?

Finding Revune Example Clarification I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here Revenue UNKOWN Expenses $6000 Dividends declared $3000 RE 1/1 $8000 12/31 $9000 9000=8000+(Rev-6000)-3000 This then is converted to the following to find Revenue Revenue=9000-8000+3000+6000 Why does 8000 turn negative and 3000 and 6000 turn positive?

Name: Finding Revune Example ClarificationI need to know why the RE 1/1 turn
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Description: Finding Revune Example ClarificationI need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on hereRevenue UNKOWNExpenses $6000Dividends declared $3000RE 1/1 $800012/31 $90009000=8000+(

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.6P: Financial statements Alpine Realty. Inc., organized July 1. 20Y8, is operated by Angela Griffin. How...

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Whencash 5000, net sales 185000, general utilities OR 2100, Rent expense OR 190, cash OR 2750, furniture OR 4500 , gross profit OR 42500 and general income OR 3260.The net profit is: Select one: a. 49720 b. 46970 c. 39210 d. The correct answer not available
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