##### what is the net income for the year

 Accounting Tutor: None Selected Time limit: 1 Day

retained earnings at year end \$57000, If the amount of the retained earnings at the beginning of the year is \$30,000 and dividends are \$12,000

Aug 22nd, 2015

retained earnings at the beginning of the year + net income - divideds = retained earnings at year end

\$30,000+net income - 12000 =57000

net income +30,000-12000 =57000

net income+18000 =57000

net income = 57000-18000 = \$39,000

Aug 22nd, 2015

## what is the sales revenue

beginning
Assets         28,000
Liabilities      15,000

Ending

Assets        30,000
Liabilities      17,300

During the year

Sales Revenue ?
Expenses       8,500
Dividends       3,000

Aug 22nd, 2015

The question is different from the first. If you want the answer feel free to ask me directly. You can do so by clicking on my username. you will be directed to my tutor page from where you can ask me the question directly.

Aug 22nd, 2015

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Aug 22nd, 2015
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Aug 22nd, 2015
Dec 6th, 2016
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