Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

create the statement of retained earnings please Given the following Trial Balance for Year Ended 2019 Trial Balance Debit Credit 27,000.00 4,000.00 2,000.00 1,500.00 8,500.00

create the statement of retained earnings please
image text in transcribed
Given the following Trial Balance for Year Ended 2019 Trial Balance Debit Credit 27,000.00 4,000.00 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 1,650.00 1,000.00 2,000.00 17,500.00 11,250.00 3,200.00 9,000.00 2,500.00 1,500.00 1,000.00 400.00 300.00 61,900.00 61,900.00

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

International Financial Reporting

Authors: Alan Melville

7th Edition

1292293128, 9781292293127

More Books

Students also viewed these Accounting questions