E 2-5
LO1
LO2
Computing Elements of Equity
From the information provided, determine:
1. The amount of retained earnings at December 31. 70000
2.
The amount of revenues for the period. 74000 期初+收入一費用一股利=期末
Totals
Current assets
All other assets
Liabilities
Capital stock
Retained earnings
Additional data:
Expenses for the period were $55,000.
Dividends paid were $9,000.
Capital stock increased by $20,000 during the period.
¼ RE 60000
427
74000
January 1
December 31
$ 15,000
240,000
$ 25,000
220,000
125,000
70,000
60,000
85,000
?
A=L+E
25000+220000 = 85000+CS+
R/E
70000
70000
+
20000
費用 55000
股利 9000
12/31 RE 70000