Partial adjusted trial balance for Sunland Company at December 31, 2022, includes the following accounts: Retained...
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Partial adjusted trial balance for Sunland Company at December 31, 2022, includes the following accounts: Retained Earnings $16,500, Dividends $6,700, Service Revenue $37,600, Salaries and Wages Expense $14,100, Insurance Expense $1,840, Rent Expense $3,820, Supplies Expense $1,540, 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 $16,010. (List items that increase retained earnings first.) SUNLAND COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 Add : Net Income/(Loss) Less : Dividends Retained Earnings, December 31 $ $ Partial adjusted trial balance for Sunland Company at December 31, 2022, includes the following accounts: Retained Earnings $16,500, Dividends $6,700, Service Revenue $37,600, Salaries and Wages Expense $14,100, Insurance Expense $1,840, Rent Expense $3,820, Supplies Expense $1,540, 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 $16,010. (List items that increase retained earnings first.) SUNLAND COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 Add : Net Income/(Loss) Less : Dividends Retained Earnings, December 31 $ $
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