A company had the following account balances at the end of its first year of operations. Find the missing amounts.
| Net Income | 560 | Common Stock | 1,600 |
| Accounts Payable | 500 | Retained Earnings | 550 |
| Inventory | ? | Revenue | ? |
| Equipment | 1,200 | Expenses | 1,760 |
| Accounts receivable | 700 | Cash | 1,000 |
| Dividends | ? | Wages Payable | 900 |
- Determine Inventory
- Determine Revenue
- Determine Dividends
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 You are here. | Moderate |
| 5 | Not completed | Solving for Retained Earnings | Hard |