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Please help with retained earnings (less: dividends and retained earnings 12/31/22) and classified balanc sheet as of dec 31 2022 the last picture is the
Please help with retained earnings (less: dividends and retained earnings 12/31/22) and classified balanc sheet as of dec 31 2022
the last picture is the rught side of the balance sheet, pls also dont forget to help me with the remainder of the retained earnings, thank you!
Oriole Corporation's balance sheet at December 31, 2021. is presented as follows ORIOLE CORPORATION Balance Sheet December 31, 2021 Cinh $26.400 Accounts payable $23 200 Accounts rectivable 46,600 76,000 Common stock ($70 dan Retained earnings 11.500 139.800 Allowance for doubtful accounts Supplies 4400 Land 42.500 142 300 Building Accumulated depreciation-buildings 121.900) $938 800 $238.800 we During 2072. the following transactions occurred. On y 1.2022. Oriole issued 1.200 shares of 540 preferred stockor 549 200 2 Onaury 1.2002 Orioles issued 1.000 chansoft Wilco stock for $20600 Oriol performed services for $341.000 on account On April 1.2022. Orice collected fees of $3800 celor ce to be from Anni 1.2022 to March 31 2022 5 Otto collected $250.000 ron customers on account Orolbou 35.00 on on Orice paid $2,700 on county B Oriol coured 600 shares of its common stock on June 1.2022 for $29 Dershare 10 Paid other operating expenses of $162.400 On December 31, 2022. Oriole declared the preferred stock dividend and a $1.20 per stare dividend on the outstanding cometion stock all payable on January 15, 2023 An account receivable of 1.200 which originated in 2021 is written off as uncollectible 11 Adjustment dat 1 Acount of supplies indicates that $6.500 of supplies remained a year-end 2 Recorded revenue from item above 3 The allowance for doubtful accounts should have a balance 53.700 a year and Depreciation is recorded on the building on a straight line bois bound on 30 your life and a salvace value of 510.900 The income tau cate is 30%. (Hint Prepare the income statement up to income before comes and cultiply by 30% to compute the amount Prepare ou osteca de No Entry for amount interest. De the colori the order protein the problem No Account Titles and Explanation Debit Credit 16000 Preferred to Cities of 5200 2000 10000 touce Palawan Parco Account Rechable 345000 Service Raven 31000 Cash 33400 Uma Santos 38400 Cash 20000 A. 200000 Sw 20000 25000 Acco 25700 29700 1 340 LO OP 1300 13 1000 (a2) Your answer is correct Prepare the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit 1. Suppites Expense 32900 Supplies 22900 2. Uncarne Service Revenus 23000 Service Revenue 28300 3. Bad Debt Expense 4000 AHowance for Doubtful Accounts 4000 Depredation Expense 4380 Accumulated Depredabon Buldings S. income Tax Expense 43838 Income Taxes Puyable 43336 petto Desert OROLE CORPORATION Admed Talance bu Deba Get ce an 34300 | maarrade ADA One C Your answer correct Prepare an income statement for the year ending December 31 ORIOLE CORPORATION Income Statement For the Year Ending December 31, 2022 Service ReVNU 369000 Operating Expenses SuppleExpand 12900 Bad Det Expense 4900 Depreciation Expo 4300 Other Operating up 102400 Total Operating Expens 22 Income Before Taxes LA 120 Income Tax Exe 4 Net Income /IL! 10221- (62) - Your answer is partially correct. Prepare a retained earning statement for the year ending December 31, 2022 (List items that increase retained earnings first ORIOLE CORPORATION Statement of Retained Earnings For the Year En December 21, 2022 Retired Earn 11/22 139400 Add 102284 Net omg/kou 241894 Lea Dividende 14350 Retained Earning 12/30/22 227724 COOLE CORPORATION 21 ( > (K ) 5 5 5 . . HANDV KA NOLD TIGE ORACLE CORPORATION A Race Det Crec Aca Ordine 300!! 140 cred Dutta Presto 2000 Rock Pasa pories Do GREGORIO ss KAKKK > > > Step by Step Solution
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