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Please help me prepare a retained earnings statement. It is on the last page** Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2022.
Please help me prepare a retained earnings statement. It is on the last page** Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,000 shares of common stock for $12,000 cash. Purchased used truck for $8,000, paying $2,000 cash and the balance on account Purchased cleaning supplies for $900 on account Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $3,700 for cleaning services performed Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies. Paid $2.000 cash for employee salaries. Collected $1,600 cash from customers billed on July 12. Billed customers $2,500 for cleaning services performed Paid $290 for maintenance of the truck during month. Declared and paid $600 cash dividend. 1 3 5 12 18 20 21 25 31 31 The chart of accounts for Kleene Window Washing contains the following accounts: Cash Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable. Common Stock Retained Earnings. Dividends Income Summary, Service Revenue. Maintenance and Repairs Expense. Supplies Expense. Depreciation Expense Insurance Expense, and Salaries and Wages Expense. Date Account Titles and Explanation Debit Credit luly 1 Cash 12,000 Common Stock 12.000 uly 1 Equipment 8.000 Cash 2.000 Accounts Payable 6,000 900 uly 3 Supplies Accounts Payable Prepaid Insurance 900 uy 5 1.800 Cash 1800 y 12 Accounts Receivable 3.700 Service Ravenue 3.700 Uy in v Accounts Payable 1000 1500 20 Salaries in Wagen 2000 2000 1500 Cash 1,800 uly 12 Accounts Receivable 3,700 Service Revenue 3.700 uly 18 Accounts Payable 1500 Cash 1500 uly 20 Salaries and Wages Expense 2000 Cash 2000 uly 21 Cash 1600 Accounts Receivable 1600 uly 25 Accounts Receivable 2500 Service Ravenue 2500 Maintenance and Regals Expense 290 Cash 290 31 Dividends 600 Cash 600 Cash 7/1 12,000 7/1 2,000 7/21 v 1,600 775 1.800 7/18 1,500 2,000 7/31 600 7/31 Bal 7/3 > 900 7/31 Bal v 1.800 Common Stock 7/31 Bal v 6300 Supplies 900 7/31 773 580 7/31 Bal 320 Prepaid Insurance 775 1.800 7/31 150 7731 Bal 1650 Question 1 of 1 7/31 Bal. 5,410 Accounts Receivable 3,700 7/21 7/12 1,600 7/25 2,500 7/31 1700 7/31 Bal. 6300 Supplies 7/3 900 7/31 580 7/31 Ball 320 Prepaid Insurance 7/5 1.800 7/31 150 7/31 Bal. 1650 7/1 7/31 Bal. Equipment 8.000 8.000 Accumulated Depreciation-Equipment 7900 7/31 7/31 Bal Maintenance and Repairs Expense 290 290 Supplies Expense 7131 1589 12:31 5810 Depreciation Expense 7/31 7/31 Bal. 290 290 Supplies Expense 7/31 580 7/31 Bal v 580 Depreciation Expense 7/31 v 180
Please help me prepare a retained earnings statement. It is on the last page**
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