Retained Earnings at the beginning and ending of the account
Retained Earnings at the beginning and ending of the accounting period was $1,100 and $2,300, r dividends paid to stockholders were $1,000, expenses for the period must have been espectively If revenues were $4,300 and 4 Multiple Choice 8 00.3301 $3,100 $2.100 $3,300 $1,200
Solution
Answer is $2,100.
| Ending retained earnings | 2300 |
| Plus: Dividends paid | 1000 |
| Total | 3300 |
| Minus: Beginning retained earnings | 1100 |
| Net income during the period | 2200 |
| Revenues for the period | 4300 |
| Minus: Net income for the period | 2200 |
| Expenses for the period | 2100 |
