MC Qu. 151 Based on the following information, what...
Based
on the following information, what would be the ending balance in the
Retained Earnings account, assuming all accounts have a normal balance?
 | $15,847 |
| $13,718 | |
| $13,155 | |
| $13,284 | |
| → | $13,847 |
Total debits: $6,754 + $13,733 + $2,625 + $37,153 + $14,535 + $2,000 + $3,673 + $6,642 + $560 + $280 = $87,955
Given credits: $6,463 + $54,490 + $13,718 = $74,671
Total debits $87,955 - Given credits $74,671 = RE $13,284 missing credit (beginning bal)
$13,284 + $13,718 - $3,673 - $6,642 - $560 - $280 - $2,000 = $13,847 (ending bal)
Given credits: $6,463 + $54,490 + $13,718 = $74,671
Total debits $87,955 - Given credits $74,671 = RE $13,284 missing credit (beginning bal)
$13,284 + $13,718 - $3,673 - $6,642 - $560 - $280 - $2,000 = $13,847 (ending bal)
