The following balances and amounts were taken from the tabular analysis of Ortiz, Inc. at December 31, 2017. Accounts payable$10,000
Cash$30,000
Accounts receivable25,000
Salaries and wages expense60,000
Equipment150,000
Salaries and wages payable5,000
Accumulated depreciation40,000
Retained earnings20,000
Common stock20,000
Service revenue120,000
Notes payable70,000
Depreciation expense20,000
Unearned revenue5,000
Interest expense5,000
What balance is reported in Retained earnings on the company’s December 31, 2017 balance sheet?

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.