At the end of Year 2, a company has a retained earnings balance of 5,700. Compute the missing amounts in the following table.
| Year 1 | Year 2 | |
|---|---|---|
| Beginning retained earnings | 4,500 | A |
| Revenues for the year | 16,300 | 15,200 |
| Expenses for the year | B | 13,300 |
| Dividends declared | 1,000 | 1,500 |
| (B) Year 1 Expenses | (A) Year 2 Beginning retained earnings | |
|---|---|---|
| 1. | 13,700 | 2,300 |
| 2. | 14,500 | 5,300 |
| 3. | 17,500 | 5,700 |
| 4. | 19,500 | 6,100 |
| 5. | None of the above | |
The Rest Of TheVideos
| 1 | Not completed | The Accounting Equation | 4 min |
| 2 | Not completed | Assets vs Liabilities | 6 min |
| 3 | Not completed | Shareholder's Equity | 6 min |
| 4 | Not completed | The Balance Sheet | 6 min |
| 5 | Not completed | The Statement of Retained Earnings | 6 min |
| 6 | Not completed | The Income Statement | 7 min |
| 7 | Not completed | The Statement of Cash Flows | 7 min |
| 8 | Not completed | How the Statements Work Together | 10 min |
Topic 1Practice Problems
| Click Here to View All Problems at Once | View | ||
| 1 | Not completed | Matching Basic Vocabulary | Easy |
| 2 | Not completed | Account Classifications | Moderate |
| 3 | Not completed | Solving for Net Income | Moderate |
| 4 | Not completed | Tying the Statements Together | Moderate |
| 5 | Not completed | Solving for Retained Earnings You are here. | Hard |