On january 1, 2014, aster motors inc.’s retained earnings were $57,000. during the year, it paid dividends of $32,000 and earned a net income of $30,000. what is the retained earning of aster inc. for the year that ended december 31, 2014? a. $55,000 b. $59,000 c. $112,000 d. $25,000

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Explain how can you avoid conflict by adjusting

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.