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Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0 Help please Angela Lopez owns and manages a

Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0 image text in transcribed
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Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31. Metrix shows the following selected accounts and amounts for the month of March Equipment Salaries expenso Consulting revenue Cash Utilities expense Note payable Accounts receivable Common stock Dividends $14,000 Office supplies 5,000 Rental revenue 22.000 Advertising expense 12,000 Prepaid insurance 600 Accounts payable 4,400 Note receivable 5,500 Rent expense 19,600 Unearned revenue 4,000 $ 3,500 2.500 800 3,000 7,700 4,500 4,000 700 METRIX Income Statement Revenues: Consulting revenue Rental revenue 22,000 2,500 24,500 $ Total Revenues Expenses: Salaries expense Advertising expense Utilities expense Rent expense 5,000 800 600 4,000 Total Expenses 10,400 Prepare a March statement of retained earnings. The Retained Earnings account balance at March 1 was $0. METRIX Statement of Retained Earnings As of March 31 0 $ 0

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