Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 8,500 Ending retained earnings 2$ 8,400 Total assets 2$

Use the following information for the year ended December 31, 2022. Supplies $ 1,800 Service revenue $19,500 Operating expenses 11,000 Cash 14,100 Accounts payable 11,600 Dividends 5,200 Accounts receivable 4,400 Notes payable 1,000 Common stock 9,000 Equipment 9,700 Retained earnings (beginning) 5,100 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income / (net loss) 8,500 Ending retained earnings 2$ 8,400 Total assets 2$

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 11CDQ: Using the January 1 and December 31, 20Y8, data given in Question 10, answer the following question:...

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