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As of December 31 of the current year, Armani Company's records show the following. Cash $ 11,200 Accounts receivable 10,200 Supplies 7,200 Equipment 6,200
As of December 31 of the current year, Armani Company's records show the following. Cash $ 11,200 Accounts receivable 10,200 Supplies 7,200 Equipment 6,200 Accounts payable 13,400 Common stock 15,200 Retained earnings, December 31, prior year 4,200 Retained earnings, December 31, current year 6,200 Dividends 14,200 Consulting revenue 35,400 Rental revenue 24,400 Salaries expense 21,200 Rent expense 13,200 Selling and administrative expenses 9,200 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Retained Earnings For Current Year Ended December 31 Retained earnings, December 31, prior year Retained earnings, December 31, current year
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