Question
Great Eatery Inc. has a December 31 year end. Retained earnings at December 31, 2022 had a credit balance of $63,300. During the 2023 fiscal
Great Eatery Inc. has a December 31 year end. Retained earnings at December 31, 2022 had a credit balance of $63,300. During the 2023 fiscal year, net income was $23,500 and dividends of $12,700 were declared and paid. During the 2024 fiscal year, Great Eatery Inc. had a net loss of $17,300 and dividends of $7,600 were declared but not yet paid.
Prepare statements of retained earnings for Great Eatery Inc. as at December 31, 2023 and December 31, 2024. Do not enter dollar signs or commas in the input boxes. Do not use the negative sign for any values.
Great Eatery Inc. | ||
Statement of Retained Earnings | ||
For the Year Ended December 31, 2023 | ||
Beginning Retained Earnings | Answer | |
Add: Net Income | Answer | |
Less: Cash Dividends | Answer | |
Ending Retained Earnings | Answer |
Great Eatery Inc. | ||
Statement of Retained Earnings | ||
For the Year Ended December 31, 2024 | ||
Beginning Retained Earnings | Answer | |
Less: Net Loss | Answer | |
Less: Cash Dividends | Answer | |
Ending Retained Earnings | Answer |
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