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Parrish pg13 How do you find the missing amount for the unkown accounts 1) Revenues $8000  Dividends declared $1000 Expenses $3000 1/1 Retained $5000 12/31 Retained Earnings $Unkown 2) Revenues $3000    Expenses $1000    Dividends delared $2000   1/1 Retained earnings $Unkown   12/31 Retained earnings $6000 3) Revemue $5000     Dividends declared $Unkown     Ex;penses $4000    1/1 Retained earnings $8000     12/31 Retained earnings $3000

Parrish pg13 How do you find the missing amount for the unkown accounts 1) Revenues $8000  Dividends declared $1000 Expenses $3000 1/1 Retained $5000 12/31 Retained Earnings $Unkown 2) Revenues $3000    Expenses $1000    Dividends delared $2000   1/1 Retained earnings $Unkown   12/31 Retained earnings $6000 3) Revemue $5000     Dividends declared $Unkown     Ex;penses $4000    1/1 Retained earnings $8000     12/31 Retained earnings $3000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Parrish pg13

How do you find the missing amount for the unkown accounts

1) Revenues $8000

 Dividends declared $1000

Expenses $3000

1/1 Retained $5000

12/31 Retained Earnings $Unkown

2) Revenues $3000

   Expenses $1000

   Dividends delared $2000

  1/1 Retained earnings $Unkown

  12/31 Retained earnings $6000

3) Revemue $5000

    Dividends declared $Unkown

    Ex;penses $4000

   1/1 Retained earnings $8000

    12/31 Retained earnings $3000

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