Durante su primer año de operación, la empresa Alfa presenta…

Durante su primer año de operación, la empresa Alfa presenta los siguientes saldos en sus cuentas: Caja Saldo deudor por 300.000; Capital saldo acreedor por 340.000; Maquinaria saldo deudor por 700.000; Mercaderías saldo deudor por 340.000 y Proveedores saldo acreedor por 1.000.000, ¿cuál es el asiento de cierre que corresponde?

Tucker Company shows the following transactions for the acco…

Tucker Company shows the following transactions for the accounting period ending December 31, Year 1: Sold books to customers for $68,000 on account Collected $56,000 from customers Issued common stock for $16,000 cash Prepaid four months’ rent for $8,800 on October 1, Year 1 Purchased supplies for $21,000 cash Physical count shows $6,500 of supplies remained on December 31, Year 1 Recorded adjustment for prepaid rent used Show how the above transactions and year-end adjustments affect the accounting equation. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.) Assets = Liabilities + Stockholders’ Equity Cash Accounts Receivable Prepaid Rent Supplies Common Stock Retained Earnings 1. 2. 3. 4. 5. 6. 7. Totals

ABC Company ended Year 1 with the following account balances…

ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the amount of retained earnings that will be shown on the balance sheet prepared at the end of Year 2?