Financial Statements: Cash vs$.$ Accrual Income Statements

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Financial Statements: Cash vs. Accrual Income Statements Cash Basis Income Statement (Not GAAP) Revenue: Cash Sales Total Revenue Less: Operating Expenses Sloo $100 ( 80) s 20 Accrual Basis/ Income Statement (GAAP) Revenue: Cash Sales Credit Sales Total Revenue Less: Operating Expenses Salaries (cash) Rent (cash) Net Income 50 30 Salaries (cash) Rent (cash) 50 30 Depreciation (non cash) 20 Accrued Expense (not yet paid) Net Income Sloo +25 S125 ( 110) s 15 On the SCF you would start with the Net Income of $15 and make the folloxvAing adjustments: Net Income (Accrual Basis) Adjustments to convert Net Income to a Cash Basis: Net Income (on cash basis) S15 RE Statement Beginning Balance Net Income Dividends End Balance sxxx (XZXX) The Retained Earnings shows Cash dividends but not other transactions affecting cash. On which financial statement does the ending balance of retained earnings go? 115