Unformatted text preview: Calculate missing amounts. E1-5B Here are incomplete financial statements for Brandon, Inc. (SO 4, 5) BRANDON, INC.
Assets Liabilities and Stockholders’ Equity Cash
Building $ 5,000
45,000 Total assets $60,000 Liabilities
Total liabilities and
stockholders’ equity Income Statement
Cost of goods sold
Administrative expenses $80,000
10,000 Net income $ (d) Retained Earnings Statement
Beginning retained earnings
Ending retained earnings
Calculate the missing amounts. $29,000 $ 5,000
View Full Document
This note was uploaded on 03/03/2012 for the course MGMT 350 taught by Professor Greig during the Fall '08 term at Purdue.
- Fall '08