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From the accounts and balances on the adjusted trial balance of Lawson, Inc. at December 31, 2020, listed below, prepare in proper form a Statement
From the accounts and balances on the adjusted trial balance of Lawson, Inc. at December 31, 2020, listed below, prepare in proper form a Statement of Retained Earnings for the year ended December 31, 2020. Hint: You may need to calculate items that shoud appear on this statement. Ensure you show your work and label your numbers for all calculations. Accounts Payable Accounts Receivable A/D-Building Building Cash Common Stock Cost of Goods Sold Delivery Expense Deprec Exp-Building Dividends $ 20,000 $76,000 $ 5,500 $ 40,000 $ 51,000 $ 74,000 $ 27,000 $ 12,000 $ 9,000 $ 10,000 Interest Expense Interest Payable Notes Payable (5 years) Salaries and Wages Expense Prepaid Insurance Retained Earnings 1/1/20 Salaries payable Sales Revenue Supplies Unearned Revenue $3,000 3,500 $ 42,000 $ 38,500 $ 7,000 $ 10,000 $ 6,000 $ 110,000 $ 10,000 $ 8,000 From the accounts and balances on the adjusted trial balance of Lawson. Inc. at December 31, 2020, listed below, prepare in proper form a Statement of Retained Eamings for the year ended December 31, 2020. Hint: You may need to calculate items that shoud oppeor on this stotement. Ensure you show your work and label your numbers for all calculations
From the accounts and balances on the adjusted trial balance of Lawson, Inc. at December 31, 2020, listed below, prepare in proper form a Statement of Retained Earnings for the year ended December 31, 2020. Hint: You may need to calculate items that shoud appear on this statement. Ensure you show your work and label your numbers for all calculations. Accounts Payable Accounts Receivable A/D-Building Building Cash Common Stock Cost of Goods Sold Delivery Expense Deprec Exp-Building Dividends $ 20,000 $76,000 $ 5,500 $ 40,000 $ 51,000 $ 74,000 $ 27,000 $ 12,000 $ 9,000 $ 10,000 Interest Expense Interest Payable Notes Payable (5 years) Salaries and Wages Expense Prepaid Insurance Retained Earnings 1/1/20 Salaries payable Sales Revenue Supplies Unearned Revenue $3,000 3,500 $ 42,000 $ 38,500 $ 7,000 $ 10,000 $ 6,000 $ 110,000 $ 10,000 $ 8,000
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