Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

create statement of retained earnings Given the following Trial Balance for Year Ended 2019 Trial Balance Debit Credit 27,000.00 5,000.00 2,000.00 1,500.00 8,500.00 2,000.00 10,000.00

image text in transcribed

create statement of retained earnings

Given the following Trial Balance for Year Ended 2019 Trial Balance Debit Credit 27,000.00 5,000.00 2,000.00 1,500.00 8,500.00 2,000.00 10,000.00 Cash Accounts Receivable Prepaid Insurance Inventory Computer Eauipment Accumulated Depreciation Long term Investments Accounts Payable Salary Payable Unearned Revenue Long term Loan Payable Common stock Retained earnings (beginning) Dividends Sales/Revenue Cost of Goods Sold Salary Expense Advertising Expense Insurance Expense Depreciation Expense Totals 17,500.00 1,150.00 1,000.00 2,000.00 17,500.00 11,250.00 3,200.00 9,000.00 1,000.00 1,500.00 1,000.00 400.00 300.00 61,400.00 61,400.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions