A company had revenue of $550,000,rent expense of $100,000,utility expense of $10,000,salary expense of $125,500,depreciation expense of $39,000,advertising expense of $40,200,dividends in the amount of $183,000,and an ending balance in retained earnings of $402,300.What is the beginning retained earnings for the period?
A)$250,000
B)$235,300
C)$314,700
D)$367,000
E)$350,000

Question

Quizplus · Accepted Answer

550,000-314,700=235,300: X+235,300-183,000-402,300 = $350,000

A Company Had Revenue of $550,000,rent Expense of $100,000,utility Expense