Solution-Compute the retained earnigs

Compute the retained earnigs

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Reference no: EM132509859

Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet:

Assets Liabilities Current Assets: Current Liabilities:

Cash $ 33,200

Accounts payable $ 15,610

Accounts receivable23,510

Notes payable14,060Supplies2,575

Prepaid insurance1,300

Stockholder's Equity Equipment14,050

Common Stock25,000Total

Assets Retained Earnings Total Stockholder's Equity Total Liabilities + Stockholder's Equity

Question 1: Compute the retained earnigs

Reference no: EM132509859

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Compute the retained earnigs

Reference no: EM132509859

Reference no: EM132509859

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