____________________ are items that the bank adds to a ...

[karlynnae]

___________________ _ are items that the bank adds to a depositor's account.
 Fill in the blank(s) with correct word

Question 2

Assume 2011 is the company's first year of business. There were no dividends declared in 2011 and 100 of dividends declared in 2012.
 
  For the year ended For the year ended
   December 31, 2011 December 31, 2012
  Revenues  300  2,500
  Expenses   (1,400)
  Net Income  1.  __
 
   December 31, 2011 December 31, 2012
  Assets  1,000  2,500
  Liabilities  ___ 2.  
  Contributed capital  300  300
  Retained earnings  ______________ 3.  _____________
 
  Determine the missing amounts, 1. Net income, 2. Liabilities of 200, and 3. Retained earnings of 1,400, in the condensed income statement and balance sheet for the year ended December 31, 2012.
  A) 1. Net income of 1,100; 2. Liabilities of 200; 3. Retained earnings of 1,400
  B) 1. Net income of 3,900; 2. Liabilities of 1,000; 3. Retained earnings of 1,300
  C) 1. Net income of 1,100; 2. Liabilities of 1,000; 3. Retained earnings of 1,200
  D) 1. Net income of 1,100; 2. Liabilities of 200; 3. Retained earnings of 1,200

[Perkypinki]

Answer to Question 1

Credit memos

Answer to Question 2

C