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HW Score: 73.3%, 115.82 of 15 Homework: Graded MAL HW #4 [Ch 4 & Ch 7]...

Question

HW Score: 73.3%, 115.82 of 15 Homework: Graded MAL HW #4 [Ch 4 & Ch 7]...

HW Score: 73.3%, 115.82 of 15 Homework: Graded MAL HW #4 [Ch 4 & Ch 7] Spr 2020 core: 12.82 of 55 pts 3 of 9 (9 complete) XP4
020 Save HW Score: 73.3%, 115.82 of 158 pts i Data Table 13,200 77,000 $ Land Building Accumulated Depreciation Building Acco
Data Table 36,50 Retaineu Eamings Dividends Service Revenue 27,000 49,50 Insurance Expense Salaries Expense Supplies Expense
HW Score: 73.3%, 115.82 of 15 Homework: Graded MAL HW #4 [Ch 4 & Ch 7] Spr 2020 core: 12.82 of 55 pts 3 of 9 (9 complete) XP4-29A (open response) 0 Data Table Mick the con to view these tratance) Read the requirements notes payable Estrada Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit 4.400 Accounts Receivable 4,700 Stockholders' Equity common stock retained earnings Total schors equity o bes and schon 78,100 Pregnance 2100 Enter any number in the edhelds and then click Check Answer 15 200 6 parts remning Clear A Print Done 11:55 AM
020 Save HW Score: 73.3%, 115.82 of 158 pts i Data Table 13,200 77,000 $ Land Building Accumulated Depreciation Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings 25,300 18.800 8.400 2 200 8.600 35,000 4.000 36,500 Done 11:55 AM 2/26/2020
Data Table 36,50 Retaineu Eamings Dividends Service Revenue 27,000 49,50 Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense Depreciation Expense-Building 4,900 32,600 500 8.400 2,800 7.700 Total 188,300 $ 188,300 Print Done 11:55 AM 2/26/2020

Answers

Calculation of Retained Earnings balance:

Retained earnings, Beginning balance $36,500
Net loss* ($7,400)
Dividends ($27,000)
Retained earnings, Ending balance $2,100

Thus, Retained earnings balance is $2,100

*Calculations:

Income Statement
Service revenue $49,500
Insurance Expense $4,900
Salaries Expense $32,600
Supplies expense $500
Interest expense $8,400
Utilities expense $2,800
Depreciation Expense-Building $7,700
Total Expenses $56,900
Net income(loss) ($7,400)


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