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The Dont Tread on Me Tire Company had retained earnings at December 31, 2015 of $209.000. During 2016, the company had revenues of $409,000 and expenses of $354.500, and the company declared and paid dividends of $11,900. Retained earnings on the bolance sheet as of December 31, 2016 will be: O $263.500. O $42.600 O $306100. O $251600
A company had calculated net income to be $77700 based on the unadjusted trial balance. The following adjusting entries were then made for Salaries and wages owed but not yet paid of $805 Interest earned but not received from investments of $765 Prepaid insurance premiums amounting to $565 have expired Uneamed revenue in the amount of $765 has now been earned Required: Determine the emount of net income loss) that wilit be reported after the edjustments are recorded. O $77460 O $79795 O $74800 O $77860
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soluion Retained eaning on the halan.cesheot ar ofDecem ey 5 ol 6 Retoine d eaningsat Deremhay 3l 2015 909000 Add venuerin 2olb 시0gODO empencer During 2016 Aess Dividend-declared and-paid-→ CI 1900 ) 251600 -Answev is 51600SoluHor caluCulation of amount of net fncome aftex adjustmentr pash cullaxr et irtome e at pex Unadjusted tial balance Salavier and wages owned but not yet paid C$05) Add nterert eaxned hut noft 65 test em piry一吐_pyepoud-insurance-一)-(565) Un eaned Yvenue 11360

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