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King Enterprises has been in business for many years. Retained earnings on January 1, 2017, 1 $250,000. The following information is available for the first
King Enterprises has been in business for many years. Retained earnings on January 1, 2017, 1 $250,000. The following information is available for the first two months of 2017: January February $96.000 Revenues $83,000 82,000 Expenses Dividends paid Required: 89,000 0 5,000 Prepare a statement of retained earnings for the month ended February 28, 2017. King Enterprises Statement of Retained Earnings For the Month Ended February 28, 2017 Retained earnings, beginning of month Expenses x Dividends for the month v Retained earnings, end of month
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