Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012, are as follows Prepare a retained earnings statement for the year Retained Earnings 42,000 July 1 (2011) 398,500 Dividends 2,500 June 30 June 30 Sept 30 10,000 30 10,000 Dec 31 2,500 May 31 2,500 Jun...

Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012,

Question:

Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012, are as follows:

Prepare a retained earnings statement for the year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 70% (10 reviews)

BALBOA SPORTS Retained Earnings Statement For the Year En...View the full answer

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question

Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

See More Books

Question Posted: Nov 23, 2018 04:37 AM

See More Questions

Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012,

Question:

Retained Earnings 42,000 July 1 (2011) 398,500 Dividends 2,500 June 30 June 30 Sept. 30 10,000 30 10,000 Dec. 31 2,500 May 31 2,500 June 30 2,500

Step by Step Answer:

BALBOA SPORTS Retained Earnings Statement For the Year En...View the full answer

Financial and Managerial Accounting Using Excel for Success

Students also viewed these Business questions