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Alpha Echo Tango (AET) Ltd had the following equity accounts as at 1/7/2020. Share Capital (50,000 shares) General reserve Retained Earnings During the year ended
Alpha Echo Tango (AET) Ltd had the following equity accounts as at 1/7/2020. Share Capital (50,000 shares) General reserve Retained Earnings During the year ended 30/6/2021, the following occurred: 200,000 20,000 52,000 1. A profit of $25,000 was generated 2. $10,000 was transferred to the General reserve. 3. A final dividend of 18c per share was declared and paid. Required: A statement of the changes in retained earnings. Type your response directly into the template in the text box below
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