On february 1 2010 the balance of the retained earnings, Ask an Expert

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On February 1, 2010, the balance of the retained earnings account of Blue Power Corp. was $630,000. Revenues for Feb. totaled $123,000 , of which $115,000 was collected cash. Expenses for Feb. totaled $131,000, of which $108,000 was paid in cash. Dividends declared and paid during Feb were $12,000.

Calculate the retained earnings balance at Feb. 28. 2010.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797891

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