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On December 31, Alexander Co. had the following list of accounts and their respective annual balances. Accounts Payable $ 46,100 Dividends $ 16,700 Accounts
On December 31, Alexander Co. had the following list of accounts and their respective annual balances. Accounts Payable $ 46,100 Dividends $ 16,700 Accounts Receivable 38,600 Prepaid Rent 21,500 Advertising Expense 6,600 Rent Expense 4,500 Beginning Retained Earnings 27,300 Service Revenue 36,200 Capital Stock 26,000 Supplies 22,300 Cash 34,400 Supplies Expense 2,100 Deferred Revenue 14,200 Utilities Expense 3,100 Required: Complete the statement of changes in retained earnings below. Hint: First compute net income.
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