Question
Partial adjusted trial balance for Metlock, Inc. at December 31, 2022, includes the following accounts: Retained Earnings $17,300. Dividends $4,800, Service Revenue $37,300, Salaries
Partial adjusted trial balance for Metlock, Inc. at December 31, 2022, includes the following accounts: Retained Earnings $17,300. Dividends $4,800, Service Revenue $37,300, Salaries and Wages Expense $13,900, Insurance Expense $1,730, Rent Expense $3,870. Supplies Expense $1,490, and Depreciation Expense $890. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $16,020. (List items that increase retained earnings first.) METLOCK, INC. Retained Earnings Statement v
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
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