Question 5 The account balances below existed for ABC Co. as of December 31, 20x1. $150,000 Accounts Receivable $100,000

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Question 5 The Account Balances Below Existed For Abc Co As Of December 31 20x1 150 000 Accounts Receivable 100 000 1 (53.94 KiB) Viewed 4 times

Question 5 The account balances below existed for ABC Co. as of December 31, 20x1. $150,000 Accounts Receivable $100,000 Revenues $50,000 Unearned Revenue $130,000 Common Stock $5,000 Depreciation Expense $20,000 Rent Expense $50,000 Prepaid Rent Cash Notes Payable Equipment Wages Expense Dividends Supplies Expense Supplies Retained Earnings, Jan 1, 20x1 The balance of Retained Earnings was $70,000 on January 1, 20x1. Use this information to fill out the following Statement of Retained Earnings for the year ended December 31, 20x1. +Net Income -Dividends ABC Co. Statement of Retained Earnings Year Ended 12-31-x1 $50,000 $450,000 $25,000 $75,000 $90,000 $150,000 $25,000 MacBook Pro 4 pts Retained Earnings, Dec 31, 20x1 *Note: Do NOT the "$" in your answer. Also, if your answer is negative, do NOT put the symbol.