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Instructions Prepare the 2022 retained earnings statement for Zheng Inc. E1.8 (LO 3), AP The following information is available for Randall Inc. Prepare a balance
Instructions Prepare the 2022 retained earnings statement for Zheng Inc. E1.8 (LO 3), AP The following information is available for Randall Inc. Prepare a balance sheet. Accounts receivable $ Cash $ 2,400 6,250 Accounts payable 3,700 Supplies 3,760 Interest payable 580 Unearned service 850 revenue Salaries and wages 4,500 Service revenue 40,920 expense Notes payable 31,500 Salaries and wages 745 payable Common stock 50,700 Depreciation 670 expense Inventory 2,840 Equipment (net) 108,200 Instructions Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount.)
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