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Need to put following information into correct financial statements. I am confused on what to do with retained earnings at beginning of the year. 1-
Need to put following information into correct financial statements. I am confused on what to do with retained earnings at beginning of the year.
1- Income Statement
2- Statement of Stockholder's Equity
3- Balance Sheet
Cash. Remaining | $3,200 |
Rent expense for the year | $5,400 |
Land that has been purchased | $21,000 |
Retained earnings | $3,300 |
Utility expense for the year | $5,600 |
Accounts recievable from customers | $29,000 |
Servvice revenue recognized during the year | $11,700 |
salary expense for the year | $1,400 |
Accounts payable to suppliers | $1,600 |
Dividends ppaid to shareholders during the year | $16,000 |
Common Stock that has been issued prior to 2024 | $1,600 |
Salaries owed at end of year | $1,900 |
Retained earnings at beginning of the year | $5,700 |
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