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Balance Sheet Assignment | Homework For You

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May 25th, 2020
Questlon 5 2 pts Balance sheet: Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities and accounts receivable totaling 27,728, inventory of 162,524, net fixed assets of 319,511, and other assets of 10,658. It had accounts payables and notes payable totaling 165,834, long-term debt of 198,701, and common stock of 102,708. How much retained earnings did the firm have? Round to whole numbersHomework For You
Question 6 2 pts Retained earnings: Columbia Construction Company earned 480,971 during the year ended June 30, 2017. After paying out 204,484 in dividends, the balance went into retained earnings. If the firm’s total retained earnings were 823,011 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016?Get Finance homework help today

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