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E3-20 (Static) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 33, LO 3-4, LO 3-5] [The following information applies to the questions
E3-20 (Static) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 33, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Prepare a statement of retained earnings for November 30. If there are no dividends, include a line that reports Dividends of zero
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