Question - The following are the account balances from the Adjusted Trial Balance of SGA Incorporated as of January 31, 2013.
Cash 208,000
Rent Expense 5,000
Equipment 25,000
Supplies Expense 9,000
Accumulated Depreciation: equip. 6,000
Salaries Expense 4,000
Unearned Fees 16,000
Utilities Expense 5,000
Interest Receivable 11,000
Fees Earned 180,000
Supplies 13,000
Depreciation expense 2,000
Accounts Receivable 15,000
Dividends 7,000
Retained Earnings, Jan.1, 2013 14,000
Accounts Payable 20,000
Capital Stock 68,000
Use the above account balances and FIND:
NET INCOME
RETAINED EARNINGS as of January 31
TOTAL ASSETS
TOTAL LIABILITIES
TOTAL STOCKHOLDERS' EQUITY