Answer:
Explanation:
From the question, we are told to
select "No" if it would not affect Retained Earnings. Conversely if the transaction would affect Retained Earnings, then record the amount of the increase or (decrease) to this account under the "Yes" column.
Retained Earnings
Retained Earnings is the remaining income in total that a company/organization has after she has paid dividents to her shareholders and all expenses.
Note that: whenever, there is rise or fall in net income as well as the dividends given shareholders, the Retained earnings are affected, which means anything that bring about increase or decrease of net income definitely affect retain earning.
""When the dividend given to shareholders
or other expenses is less that net income for the company ,then it means
increase in retain earning and vice versa.""
A)NO, it would not affect Retained Earnings.
This is raw material needed for the business
B)NO, it would not affect Retained Earnings.
C)yes,it would affect Retained Earnings by decrease of (-45,000)
D)yes, it would affect Retained Earnings by decrease of(-21,000)
E)yes, it would affect Retained Earnings by increase of(450,000)
F))NO, it would not affect Retained Earnings
G)NO, it would not affect Retained Earnings
H)NO, it would not affect Retained Earnings
I)NO, it would not affect Retained Earnings
J) yes, it would affect Retained Earnings by decrease of(-220,000)
K)NO, it would not affect Retained Earnings
