Selected accounts of Guitars by Peter, Inc , for the year ended December 31, 2012, follow Requirement 1 Prepare the companys statement of retained earnings for theyear Retained carnings Income summary Dividends 31,000 Jan 1 152,000 100,000 Clo 220,000 Mar 31 10,000 Jun 30 7,000 Sep 30 8,000 Dec 31 ...

Req 1 Guitars by Peter Inc Statement of R ...

Selected accounts of Guitars by Peter, Inc., for the year ended December 31, 2012, follow: Requirement 1.

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Selected accounts of Guitars by Peter, Inc., for the year ended December 31, 2012, follow:

Retained carnings Income summary Dividends 31,000 Jan 1 152,000 100,000 Clo 220,000 Mar 31 10,000 Jun 30 7,000 Sep 30 8,

Requirement
1. Prepare the company€™s statement of retained earnings for theyear.

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Financial and Managerial Accounting

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Authors: Horngren, Harrison, Oliver

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Selected accounts of Guitars by Peter, Inc., for the year ended December 31, 2012, follow: Requirement 1.

Question:

Retained carnings Income summary Dividends 31,000 Jan 1 152,000 100,000 Clo 220,000 Mar 31 10,000 Jun 30 7,000 Sep 30 8,000 Dec 31 6,000 31,000 Clo Clo Clo Clo 120,000 Bal 120,000 Bal 241,000 31,000 Bal

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Financial and Managerial Accounting

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