Doing a balance sheet. Trying to understand what Bal c/d, and Bal d/d means. It gives me the profit for the year then the payout also gives me the earnings for the year and then the two quotes above which I cannot find the definition of anywhere in my reading assignment.

Answer 1

Please see your later post, which I saw first.

Sra

Answer 2

Sold instruments to customers for $10,000; received $6,000 in cash and the rest on account.
The cost of the instruments was $7,000