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

Thank you for the opportunity to help you with your question!

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

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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

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Aug 22nd, 2015

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Aug 22nd, 2015
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