PARRISH 1-3 ( Formulas) I have asked this question befor and have either not been given a clear explanation or the correct answer. Please double check my work and see if I arrived at the correct amount. The amount that needs checking is in BOLD. If one is incorrect please show me how to arrive at the correct answer in a mathematical equation format and not in something such as an Excel format. Thank you 1) Revenue $8000 Dividends $1000 Expense $3000 RE 1/1 $5000 RE 12/31 $9000 2) Revenue $3000 Dividends declared $2000 Expenses $1000 RE 1/1 $6000 RE 12/31 $6000 Expenses $3000 3) Revenue $5000 Dividends Declared $6000 Expenses $4000 RE 1/1 $8000 RE 12/31 $3000 4) Revenues $6000 Dividends declared $0 Expenses $10000 RE 1/1 $12000 RE 12/31 $8000 5) Revenues $10000 Dividends declared $30000 Expenses $6000 RE 1/1 $8000 RE 12/31 $9000
PARRISH 1-3 ( Formulas)
I have asked this question befor and have either not been given a clear explanation or the correct answer. Please double check my work and see if I arrived at the correct amount. The amount that needs checking is in BOLD. If one is incorrect please show me how to arrive at the correct answer in a mathematical equation format and not in something such as an Excel format. Thank you
1) Revenue $8000
Dividends $1000
Expense $3000
RE 1/1 $5000
RE 12/31 $9000
2) Revenue $3000
Dividends declared $2000
Expenses $1000
RE 1/1 $6000
RE 12/31 $6000
Expenses $3000
3) Revenue $5000
Dividends Declared $6000
Expenses $4000
RE 1/1 $8000
RE 12/31 $3000
4) Revenues $6000
Dividends declared $0
Expenses $10000
RE 1/1 $12000
RE 12/31 $8000
5) Revenues $10000
Dividends declared $30000
Expenses $6000
RE 1/1 $8000
RE 12/31 $9000
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