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On February 1, 2019, the balance of the retained earnings account of Blue Power Corporation was $693,000. Revenues for February totaled $135,300, of which $126,500
On February 1, 2019, the balance of the retained earnings account of Blue Power Corporation was $693,000. Revenues for February totaled $135,300, of which $126,500 was collected in cash. Expenses for February totaled $104,800, of which $86,400 was paid in cash. Dividends declared and paid during February were $9,600. Required: Calculate the retained earnings balance at February 28, 2019. (Amounts to be deducted should be indicated with a minus sign.) Retained Earnings Balance, February 1, 2019 Revenues 0 Expenses Dividends Balance, February 28, 2019 $ 0
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