Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

December 31, 2019 Unadjusted Trial Balance $ 19, 200 5,100 $ 850 15,000 43,000 @ 74,000 21,000 5,550 1,950 Cash Accounts receivable Allowance for doubtful

image text in transcribed

image text in transcribed

December 31, 2019 Unadjusted Trial Balance $ 19, 200 5,100 $ 850 15,000 43,000 @ 74,000 21,000 5,550 1,950 Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Trucks Accum. depreciation-Trucks Equipment Accum. depreciation-Equipment Accounts payable Estimated warranty liability Unearned services revenue Interest payable Long-term notes payable Common stock Retained earnings Dividends Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense-Trucks Depreciation expense-Equipment Wages expense Interest expense Rent expense Bad debts expense Miscellaneous expense Repairs expense Utilities expense Warranty expense Totals 26,000 21,000 63,600 21,000 82,000 894 93,826 49,600 0 0 46,000 0 20,000 0 1,270 13,500 9,000 0 $316,670 $316,670 Prepare the statement of retained earnings (cash dividends during 2019 were $21,000) for 2019. BUG-OFF EXTERMINATORS Statement of Retained Earnings For Year Ended December 31, 2019 0 $ 0

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

More Books

Students also viewed these Accounting questions