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    Missing Amounts

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    Please see attached file, very confused.
    Here are incomplete financial statements for Brandon, Inc.

    BRANDON, INC.
    Balance Sheet

    Assets Liabilities and Stockholders' Equity
    Cash $5,000 Liabilities
    Inventory 10,000 Accounts payable $5,000
    Building 45,000 Stockholders' Equity
    Total assets $60,000 Common stock (a)
    Retained earnings (b)
    Total liabilities and stockholders' equity $60,000

    Income Statement
    Revenues $80,000
    Cost of goods sold (c)
    Administrative expenses 10,000
    Net income $(d)

    Retained Earnings Statement
    Beginning retained earnings $10,000
    Net income (e)
    Dividends 5,000
    Ending retained earnings $29,000

    Calculate the missing amounts.

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    https://brainmass.com/business/accounting/missing-amounts-161472

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    Please see the attached file

    1-8
    Here are incomplete financial statements for Brandon, Inc.

    BRANDON, INC.
    Balance Sheet

    Assets Liabilities and Stockholders' Equity
    Cash $5,000 Liabilities
    Inventory 10,000 Accounts payable $5,000
    Building 45,000 Stockholders' Equity
    Total assets $60,000 ...

    Solution Summary

    The solution explains how to determine the missing amounts in the financial statements of Brandon Inc

    $2.49

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