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linda_us, Master's Degree
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Nature's Shop, Inc. reported the following account balances

Customer Question

Nature's Shop, Inc. reported the following account balances (in random order) on its balance sheet on December 31, 2014: Accounts Receivable $25,000 Net property, plant and equipment 600,000 Cash 300,000 Prepaid Supplies 30,000 Accounts payable 45,000
Bank Loan Payable (5 years) 700,000 Unearned revenue 5,000 Merchandise Inventory 150,000 Contributed capital 250,000 Retained earnings ? What is the amount of Nature's retained earnings at the end of 2014?
Submitted: 1 year ago.
Category: Single Problem
Expert:  Manal Elkhoshkhany replied 1 year ago.
Hello David
I have already answered that question on the excel sheet I have sent you
Regards

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