STATEMENT OF RETAINED EARNINGS Parker Company has a balance of $25,000 in retained earnings on January 1,
Question:
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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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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