Calculate the retained earnings

Assignment Help Accounting Basics
Reference no: EM13861290

Super shop had a retained earnings balance of $1000 on December 31, 2010. For year 2011, sales were 14,000 and expenses were 7500. Cash dividends of 1000 were declared and distribute it on December 31, 2011. What was the amount of retained earnings on December 31, 2011?

Calculate the retained earnings. Begin by selecting the formula, then enter the amounts and calculate the retained earnings at December 31, 2011. Leave unused sells blank.

Reference no: EM13861290

Questions Cloud

Literature review section of your research proposal : Preferably related to your Research Proposal, and use the Research Evaluation Worksheet found on the student website to analyze the article. You can use this information to help you form the literature review section of your research proposal.
Compare and contrast the use of various economic models : Compare and contrast the use of various economic models to explain the role of economics in healthcare and how the concept of the market equilibrium works in healthcare.
Small businesses are independent businesses that have fewer : Small businesses are independent businesses that have fewer than
Calculate the prepaid insurance balance : Select the formula you will use to calculate the prepaid insurance balance at December 31, 2009. Then enter the amounts and calculate the balance. Round your answer to the nearest whole number.
Calculate the retained earnings : Calculate the retained earnings. Begin by selecting the formula, then enter the amounts and calculate the retained earnings at December 31, 2011. Leave unused sells blank.
Investigate the history of the hawthorne effect : Investigate the history of the Hawthorne Effect and discuss why it is important for researchers to know about this phenomenon.
First client advice letter assignment : Your client is Denise Schmidt, who is a professor of business at a university.  She is not a lawyer, but she is interested in knowing how the law works.   So when you write the letter to her, she is interested in having some detail about the legal ru..
Small businesses are independent businesses that have fewer : Small businesses are independent businesses that have fewer than
Balance statement principles applied to personal finances : How and why are balance statement principles applied to personal finances? You own words please 100-250 words

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  What is the lowest price austin should be willing to

what is the lowest price austin should be willing to accept for one afghan as long as it can sell spindles of yarn to

  If the per unit variable production costs increase by 15

decor manufactures decorative iron railings. in preparing for next years operations managemnet has developed the

  A corporation purchases 120000 shares of its own 25 par

a corporation purchases 120000 shares of its own 25 par common stock for 1250000 recording it at cost. will the

  Lpinella beginning capital 80000 and hjohnston beginning

l. pinella beginning capital 80000 and h.johnston beginning capital 120000 are parteners. during 2010 the partenrship

  Finished goods inventory on hand at the end of each month

anderson hardware company manufactures and sells lawnmower blades. one such product the precision blade requires 2

  Tavorn corporation applies manufacturing overhead to

tavorn corporation applies manufacturing overhead to products on the basis of standard machine-hours. the companys

  Amount of indirect manufacturing costs for year

Company assembles computers from components supplied by various manufactures. Listed below are the costs incurred by the company this year: What is the amount of indirect manufacturing costs for the year?

  Sure care health maintenance organization is seeking a

break-even. sure care health maintenance organization is seeking a managed care contract with a local manufacturing

  Major objectives of financial reporting

What are the major objectives of financial reporting? Who are the users of financial reporting? What type of information will each user group need? Why?

  Although many governments prepare budgets for both capital

although many governments prepare budgets for both capital projects and debt service funds the gasb does not mandate

  Journal entry to record the issuance of the bonds

Please prepare the journal entry to record the issuance of the bonds. In using the effective-interest method, prepare the journal entries to record the first two interest payments.

  He firm estimate that if they wanted to cease operation

the financial statement of burces antiques reflects cash of 213000 collectible accounts recevible of 37700accounts

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd