At the beginning of January, the balance in theRetained Earnings account is $250,000 for TRCorporation. During the month of January, TR had thefollowing external transactions.9.|(a) Provide services to customers in exchange for cash $95,000|100,000150,00050,000|(b) Issue common stock for cash(c) Purchase equipment and pay cash(d) Provide services to customers on account(e) Pay workers' salaries for the month47,0002,50010,000(f) Pay rent for the month|(g) Pay dividends to stockholders$Determine ending Retained Earnings forJanuary 31st.

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Description: At the beginning of January, the balance in theRetained Earnings account is $250,000 for TRCorporation. During the month of January, TR had thefollowing external transactions.9.|(a) Provide services to customers in exchange for cash $95,000|100,0001

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At the beginning of January, the balance in the Retained Earnings account is $250,000 for TR Corporation. During the month of January, TR had the following external transactions. 9. |(a) Provide services to customers in exchange for cash $95,000| 100,000 150,000 |(b) Issue common stock for cash (c) Purchase equipment and pay cash (d) Provide services to customers on account 50,000 (e) Pay workers' salaries for the month 47,000 (f) Pay rent for the month 2,500 |(g) Pay dividends to stockholders 10,000 $ Determine ending Retained Earnings for January 31st.

At the beginning of January, the balance in the Retained Earnings account is $250,000 for TR Corporation. During the month of January, TR had the following external transactions. 9. |(a) Provide services to customers in exchange for cash $95,000| 100,000 150,000 |(b) Issue common stock for cash (c) Purchase equipment and pay cash (d) Provide services to customers on account 50,000 (e) Pay workers' salaries for the month 47,000 (f) Pay rent for the month 2,500 |(g) Pay dividends to stockholders 10,000 $ Determine ending Retained Earnings for January 31st.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17PA: Prepare journal entries to record the following transactions for the month of November: A. on first...

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