Taye J.

asked • 03/15/15

Help with Accouting balance sheet retained earnings.

Accounting balance sheet: I have $31,400 cash, accounts receivable 10,600, equipment 39,200, snowmobiles 15,400, buildings 500,000, land 425,000, furnishings 58,700, which gives me a total of $1,080,300. Now my liabilities and owners equity are: Notes payable $620,000 accounts payable 54,800, salaries payable 33,500, interest payable 12,000, total of $720,300. Capital stock $135,000, so I need to compute for my retained earnings.

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