E1-26 Compute the missing amounts (The balance in retained earnings at year-end

Question

E1-26 Compute the missing amounts (The balance in retained earnings at year-end 2012 was $2,086) Hint: Dividends reduce the retained earnings account. Round answers one decimal place. 2010 2011 2012 Retained earnings (beginning) ($1,746.5) ($1,830.5) ($2,653.0) Revenues                                          4,840.5                                5,327.0 ? Expenses ?                                5,628.0                                                                   5,425.0 Dividends 0.0 ? 17.5 E1-26 Compute the missing amounts (The balance in retained earnings at year-end 2012 was $2,086) Hint: Dividends reduce the retained earnings account. Round answers one decimal place. 2010 2011 2012 Retained earnings (beginning) ($1,746.5) ($1,830.5) ($2,653.0) Revenues                                          4,840.5                                5,327.0 ? Expenses ?                                5,628.0                                                                   5,425.0 Dividends 0.0 ? 17.5

Explanation / Answer

2010 2011 2012 Retained earnings (beginning) ($1,746.50) ($1,830.00) ($2,653.00) Revenues 4840.5 5327 10181.5 Expenses ($4,924.50) -5628                                                                   5,425.0 Balance before depreciation ($2,131.00) Dividends ($522.00) 17.5 clsoing balance ($1,830.00) ($2,653.00) 2086 opening balance of retained earnings -1746.5 revenue 4840.5 balance in revenue 3094 expenses 4924.5 closing balance -1830.5

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.