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need help finding Retained Earnings please Adjustments Income Statement Dalance sheet Balance Account Name Balance Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

need help finding Retained Earnings please image text in transcribed
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Adjustments Income Statement Dalance sheet Balance Account Name Balance Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 102.196 Cash 102.196 22,000 102,196 22,000 22,000 2 Short-term Investments 18.787 18,787 18.787 0 ARC - Accounts Receivable Control 110 110 110 12 Interest Receivable 75,191 75,191 75.191 62,409 62,409 4,840 2.420 2,420 2,420 2,000 * 2,000 2.000 4,000 9,000 3,000 6,000 6.000 3,000 600 2,400 2,400 . 7,000 7,000 7,000 2,406 115 2,521 2,521 36,000 136,000 36,000 20 Merchandise Inventory 30 Office Supplies 40 Prepaid Rent 741 Prepaid Advertising 142 Prepaid Insurance 150 Office Furniture 151 Accum Depn: Office Furniture 160 Office Equipment 161 Accum Depn: Office Equipment 210 APC - Accounts Payable Control 220 Wages Payable Electricity Payable 222 Water Payable 225 Interest Payable 250 Bank Loan Payable 9,455 242 9,697 9,697 1,485 1,485 1,485 1,400 1,400 1,400 221 881 881 881 246 246 246 250 250 250 50,000 50,000 50,000 80,000 300 Common Stock 80,000 80.000 89,429 301 Retained Earnings 89.429 89,429 72,658 400 Sales Revenue 72,658 72,658 401 Sales Returns and Allowances 3,345 3,345 3,345 402 Sales Discounts 118 118 118 403 Interest Revenue 214 110 324 324 500 Purchases 6,835 6,835 6,835 501 Purchase Returns and 2.331 2.331 2,331 246 246 246 Water Payable Interest Payable Bank Loan Payable 250 250 250 50,000 50,000 50,000 Common Stock 80,000 80.000 80,000 Retained Earnings 89,429 89 429 89,429 Sales Revenue 72,658 72,658 72,658 Sales Returns and Allowances 3,345 3,345 3,345 Sales Discounts 118 118 118 Interest Revenue 214 110 324 324 Purchases 6,835 6,835 6,835 2,331 2,331 2,331 1Purchase Returns and Allowances 96 12 Purchase Discounts 96 96 3,000 3,000 10.255 1,400 3,000 11555 2,000 11,655 2,000 2,000 881 881 881 246 246 246 600 600 600 2,420 2,420 11 Advertising Expense 16 Wages Expense 40 Rent Expense 41 Electricity Expense 42 Water Expense 43 Insurance Expense 44 Office Supplies Expense 15 Salary Expense 50 Depn Expense: Office Furniture 51 Depn Expense: Office Equipment 71 Interest Expense 972 Admin Expense - Bank Charges 2,420 5,500 5,500 5,500 115 115 115 242 242 242 250 250 250 7 7 7 11,264 11,264 112,405 Totals 308,074 308,074 311,318 311,318 137,818 261,322 235,909 Net income or loss 25,413 25,413 137,818 261,322 261,322 Totals 137,818

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