Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the

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Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 2018, are as follows:

Prepare a retained earnings statement for the year.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 22, 2016 10:00 AM

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Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the

Question:

Retained Earnings 160,000Jan. 1 (2018) Dividends 40,000Dec. 31 40,000 Dec. 3 4,150,800 Mar. 31 160,000 00,000 June 30 Dec. 31 ept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 3 4,530,000 Dec. 31 5,230,000 31 700,000

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