Presented below is information related to Alexis and Ryans, Attorneys at Law. Retained earnings, January 1, 2015

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Presented below is information related to Alexis and Ryans, Attorneys at Law.

Retained earnings, January 1, 2015 ......$ 23,000

Legal service revenue—2015 ......... 340,000

Total expenses—2015 ........... 211,000

Assets, January 1, 2015 ............ 85,000

Liabilities, January 1, 2015 ......... 62,000

Assets, December 31, 2015 ......... 168,000

Liabilities, December 31, 2015 ......... 80,000

Dividends—2015 ............ 64,000

Instructions

Prepare the 2015 retained earnings statement for Alexis and Ryans, Attorneys at Law.

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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 17, 2014 10:49 AM

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Presented below is information related to Alexis and Ryans, Attorneys at Law. Retained earnings, January 1, 2015

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