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pls help me for 2 question 25,26 At January 1, 2021, Mayco industries reported retained eamings of $150,000, During 2021, Mayco had a net loss
pls help me for 2 question 25,26
At January 1, 2021, Mayco industries reported retained eamings of \$150,000, During 2021, Mayco had a net loss of 530,000 and paid dividends of $15,000. At December 31,2021 , the balance of retained earnings is sin0,000 $135,000 $120,000 5165,000 Question 26 The following items are taken from the financial statements of Mav co for tha vaar ending December 31, 2021: The following ifums are taken from the financial staternents of May Co, for the year ernding Decomberi 31,2021 AccountspaynbieAccountsrecenable:Accumulateddepreciation-equipmentActuertisingexpenseCashCommonstock5.00018,00028,00021,00015,00042,000 Dividends 14,000 Depreciation expense 12,000 insurance expense 3,000 Note payable, due 6/30/22 Prepaid insurance (12-month policy) Rent expense Retained earnings (1/1/21) Salaries and wages expense Service revenue Supplies Supplies expense Equipment Step by Step Solution
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