Presented below is information related to Williams and Douglas, Attorneys at Law. Retained earnings, January 1, 2014

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Presented below is information related to Williams and Douglas, Attorneys at Law.

Retained earnings, January 1, 2014 ......$ 23,000

Legal service revenue—2014 ......... 340,000

Total expenses—2014 ........... 211,000

Assets, January 1, 2014 ............ 85,000

Liabilities, January 1, 2014 ........... 62,000

Assets, December 31, 2014 ........... 168,000

Liabilities, December 31, 2014 ......... 80,000

Dividends—2014 .............. 64,000

Instructions

Prepare the 2014 retained earnings statement for Williams and Douglas, Attorneys at Law.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

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

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Question Posted: Dec 29, 2012 03:28 AM

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Presented below is information related to Williams and Douglas, Attorneys at Law. Retained earnings, January 1, 2014

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Financial and managerial accounting

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