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Inswer the following questions regarding the Retained Earnings Statement that would be prepared from the adjusted trial balance. It is suggesled that you prepare the
Inswer the following questions regarding the Retained Earnings Statement that would be prepared from the adjusted trial balance. It is suggesled that you prepare the Retained Farnings Statement in good form before answering the questions. Remember that all financial statements basu an "orrdar" is the listine of acrounts. Second line on the Retained Earnings 1. December 31,201 Siatement Second line on the Retained Earnings Statement Third line on the Retained Earnings Statement Fourth line on the Retained Earnings Statement What is the correct way to date the Retained Earnings Statement. First line on the Retained Earnings Statement 1. December 31,201 2. For the year ended December 31,201 3. Retained earnings January 1,20170,000 4. Retained earnings December 31,20189,000 5. Less:Dividends 20,000 6. Add: Net income 39,000
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