Prepare a Statement of retained earnings

1-Sep	Cash		105	10,000
	Common Stock		520		1,000
	Additional Paid-in Capital on Common Stock		521		9,000
	Initial investment in equity

Adjusted Trial Balance 31-Dec-19 ACCT # 105 Cash Debit Credit 107 Petty Cash 110 Accounts Receivable 130 Supplies on Hand 11500 150 140 Prepaid Insurance 220 Computer Equipment 221 Accumulated Depreciation-Comp Equip 3150 230 Cell Phone 178 231 Accumulated Depreciation-Cell Phone 240 Vehicles 56 241 Accumulated Depreciation-Vehicles 55000 310 Accounts Payable 3121 3260 320 Customer Deposits (unearned Income) 330 SUTA Payable 224 2066 112 2025 675 8172 44850 192 8682 1000 9000 332 FICA Payable 334 FUTA Payable 336 Federal Income tax Payable 338 State Income Tax Payable 375 Current Maturities of Long Term Debt 410 Notes Payable (Long-Term) 420 Interest Payable 425 Salaries and Wages Payable 520 Common Stock ($2 Par Value) 521 APIC Common Stock 550 Retained Earnings 560 Dividends 605 Engagement Fees -610 Monthly Accounting Services Revenue 620 Hourly Accounting Service Revenue 612 Tax Services Revenues 614 Sales Discounts 725 Advertising & Promotion Expense 72Z Depreciation Expense 730-Rent Expense 735 Insurance expense 740-Supplies Expense 745 Meals and Entertainment 767 Taxes & Licenses 770-Telephone Expense 775 Utilities Expense 780 Fuel Expense 82 Interest Expense 825-Payroll Tax Expense 2000 6000 14167 21500 1000 72 1600 3355 2000 1200 868 20 150 932 1609 30 15750 1750 35-Service Charge Expense 830 Salaries Expense 850 Furniture and equipmant Expense 865-Janitorial Expense 870 Pest Control Expense 875 Postage and Delivery 900 Income Summary 70 100 126280 126280 TOTAL