ParrishSheets Chapter 1 Homework Q xandria Henshaw Attempt

Parrish-Sheets Chapter 1 Homework - Q xandria Henshaw: Attempt 1 Question 15 (1 point) Calculate the missing amount for each of the following situations. Revenues for 2014 Dividends declared in 2014 Expenses for 2014 January 1 retained earnings balance December 31 retained earnings balance S 6,000 $12,000 S8,000 Make sure your answer does not include a \"$\" (dollar sign) number; such as \"55000\". ab Save Question 16 (1 point)

Solution

Statement of retained earnings December 31 retained earnings, balance 8,000 Add: Dividends 0 8,000 less:January 1,retained earnings balance -12,000 Net loss -4,000 Expenses will be as follows: Revenue 6,000 Add:Net loss as calucalted above 4,000 Expense 10,000 answer