Balance Sheet Preparation with missing element? The following data are available for Shubert Productions Inc as of December 31, 2006
Cash.....$7,500 A/P.....$24,000 Capitol Stock....$42,000 A/R .....$20,000 Building.....$49,500 Supplies....$2,0000
Retained Earnings?????? Land....$20,000
I. Determine the amount of retained earnings at December 31, 2006...
Please help me to understand how to get the retained earnings...this is my first accounting class online and I really need help..thank you
2006-12-08
16:40:03
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3 answers
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asked by
sugalums
1