STATEMENT OF RETAINED EARNINGS Parker Company has a balance of $25,000 in retained earnings on January 1,

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STATEMENT OF RETAINED EARNINGS Parker Company has a balance of $25,000 in retained earnings on January 1, 2009. During 2009, Parker reported revenues of $60,000 and expenses of $47,000. Parker also paid a dividend of $8,000.

Required:

What is the amount of retained earnings on December 31, 2009?

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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