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Grande Enterprises has the following trial balance: Grande Ltd Trial Balance December 31, 2020 Dr Cash $1,000 Accounts receivable 300 Capital assets 3,300 Accumulated depreciation
Grande Enterprises has the following trial balance: Grande Ltd Trial Balance December 31, 2020 Dr Cash $1,000 Accounts receivable 300 Capital assets 3,300 Accumulated depreciation $ 1,300 Accounts payable 250 Loan payable 450 Dividends declared 500 Common stock 1,000 Retained earnings 1,800 Sales 750 Office expense 230 Insurance expense 120 Interest expense 100 Totals $ 5,550 $ 5,550 Office expense 230 Insurance expense 120 Interest expense 100 Totals $5,550 $5,550 Fill in the following statement of retained earnings: Opening retained earnings $ Net income Dividends Closing retained earnings $ Use the box below to show your calculations - students who show their work may be eligible for partial marks. Final answers MUST be filled in above. Write an optional reasoning for your
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