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Lumina Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.
Lumina Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. Debit Credit Cash $5,360 Accumulated Depreciation-Equipment $ 700 Accounts Receivable 480 Notes Payable 4,000 Prepaid Rent 720 790 Supplies 920 Accounts Payable Salaries and Wages Payable Interest Payable 300 Equipment 12.000 40 Dividends 500 Unearned Rent Revenue 400 7,400 Common Stock 11.200 1.200 11,360 Service Revenue Rent Revenue 700 Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 1.100 $29,890 160 410 40 $29,890 Determine the amount that appears for Retained Earnings at June 30, 2020. Retained Earnings, June 30 $ e Textbook and Media Save for Later
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