Golden Enterprises started the year with the following: Assets $104,000, Liabilities $34,000; Common Stock 564,000...
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Golden Enterprises started the year with the following: Assets $104,000, Liabilities $34,000; Common Stock 564,000 : Retained Earnings 56,000 . During the yeor, the company eamed revenue of $5,400, all of whicti was recelved in cash. and incurred experses of 33.200 , al of which were unpaid as of the end of the year, tn addition, the company poid dividends of \$1,400 to ownars. Assume no other activities occurred during the year. The amount of Golden's liabilities at the end of the year is: Multiple Cholice $37,200. $34,000 $36,200. $31,800
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