As of december 31 2014 post company had total cash of, Ask an Expert

Accounting

As of December 31, 2014, Post Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100. During 2015, Post earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockholders.

Required

a. Determine the amount of retained earnings as of December 31, 2014.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91975160

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