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Brief Exercise 4-9 Oriole Corporation has retained earnings of $692,700 at January 1, 2017. Net income during 2017 was $1,635,500, and cash dividends declared and
Brief Exercise 4-9 Oriole Corporation has retained earnings of $692,700 at January 1, 2017. Net income during 2017 was $1,635,500, and cash dividends declared and paid during 2017 totaled $82,600. Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings first.) ORIOLE CORPORATION Retained Earnings Statement Cash Dividends Expenses Net Income/ (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues LINK TO TEXT VIDEO: SIMILAR EXERCISE
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