What is the ending balance in the Retained earnings account

Assignment Help Accounting Basics
Reference no: EM132597080

Question - The Retained earnings account has a credit balance of $17,850 before closing entries are made. If total revenues for the period are $57,700, total expenses are $41,700, and dividends are $9,450, what is the ending balance in the Retained earnings account after all closing entries are made?

Reference no: EM132597080

Questions Cloud

Determine what is the aggregate present value of the receipt : At the end of two years, and $100 at the end of there years. what is the aggregate present value of these receipts assuming a discount rate of 4 percent?
Make a bond amortization schedule from September : Make a bond amortization schedule from September 30, 2020, to September 30, 2025, using the effective interest rate
Discuss how court case should be recorded by amal ltd : The lawyer is of the opinion that there is a 40% chance that Amal Ltd will be found, Discuss how court case should be recorded by Amal Ltd and Ruban Ltd.
How the court case should be recorded by amal ltd : There is a 40% chance that Amal Ltd will be found liable for the damages. Discuss how this court case should be recorded by Amal Ltd and Ruban Ltd.
What is the ending balance in the Retained earnings account : Total expenses are $41,700, and dividends are $9,450, what is the ending balance in the Retained earnings account after all closing entries are made
How much is an initial deposit of worth : At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of 10 percent? Show the calculation.
How did cyberattack impact data loss : How did the cyberattack impact data loss, financial loss. cleanup cost, and the loss of reputation?
Describe the company internal environment : Describe the company's internal environment. Identify which generic business strategies your company is employing. Do they align with its vision and mission
What is the next year dividend : An ordinary share offering $1.5 dividend per share in the current year.if the constant growth rate of dividend is 6%. what is the next year dividend?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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