For the following four cases, compute the ending amount of retained earnings. Ca
ID: 2659268 • Letter: F
Question
For the following four cases, compute the ending amount of retained earnings. Caution: Not all of the items listed should be included in the computation of ending retained earnings.
NOTE: If required, use the minus sign, such as -1234, to indicate a deficit balance in retained earnings.
Case A Case B Case C Case D Capital stock $ 58,700 $ 29,400 $ 58,900 $ 107,700 Long-term note payable 17,600 45,500 24,700 31,300 Dividends 2,900 4,400 2,100 5,900 Retained earnings (beginning) 49,000 14,700 30,100 68,500 Inventory 97,900 146,900 68,500 195,800 Cash 11,700 17,600 4,800 35,200 Net income (loss) 4,900 1,000 11,600 (9,800) Machinery 171,300 58,800 48,600 182,100 Retained earnings (ending) ____ ____ ______ _____Explanation / Answer
reatined earnings = Retained earnings(begining) + netincome - dividends
CASE A = 51000
case B = 11300
CASE C = 39600
CASE D = 52800