The following information is available for Ballard Company for the year ended December 31, 2011. a. Balance
Question:
a. Balance of retained earnings, December 31, 2010, prior to discovery of error, $850,000.
b. Cash dividends declared and paid during 2011, $15,000.
c. It neglected to record 2009 depreciation expense of $55,600, which is net of $5,500 in income taxes.
d. The company earned $205,000 in 2011 net income.
Prepare a 2011 statement of retained earnings for Ballard Company.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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