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Need help on 2b! Account Account Accounts receivable Note payable. Retained earnings Salaries expense Equipment Insurance expense Utilities expense Balance Type of Account 6,000 Asset
Need help on 2b!
Account Account Accounts receivable Note payable. Retained earnings Salaries expense Equipment Insurance expense Utilities expense Balance Type of Account 6,000 Asset 11,000 Liability ? Stockholders' equity 17,000 Stockholders' equity 73,000 Asset 3,000 Stockholders' equity 2,100 Stockholders' equity Cash Accounts payable Advertising expense Service revenue Common stock Rent expense Supplies Balance Type of Account $ 12,000 Asset 2,000 Liability 6,000 Stockholders' equity 66,000 Stockholders' equity 25,000 Stockholders' equity 4,400 Stockholders' equity 1,300 Asset Requirement 2b. Prepare the statement of retained earnings for Slickster, Inc., for the year ended December 31, 2018 Start with the heading and then complete the rest of the statement Slickster, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Retained earnings, December 31, 2017 Add: Net income Subtotal Less: Dividends Retained earnings, December 31, 2018Step by Step Solution
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