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Prepare an retained earnings statement for the 2 months ended December 31, 2019. (List items that increase retained earnings first. Do not leave any answer
Prepare an retained earnings statement for the 2 months ended December 31, 2019. (List items that increase retained earnings first. Do not leave any answer field blank. Enter 0 for amounts.)
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash $1,180 Accounts Receivable 875 Supplies 350 Prepaid Insurance 1,210 Equipment 1,200 Accumulated Depreciation-Equipment $40 Accounts Payable 75 Salaries and Wages Payable 56 Unearned Service Revenue 300 Notes Payable 2,000 Interest Payable 15 Common Stock 800 Dividends 500 Service Revenue 4,515 Salaries and Wages Expense 1,006 Utilities Expense 125 Advertising Expense 165 Supplies Expense 1,025 Depreciation Expense 40 Insurance Expense 110 Interest Expense 15 $7,801 $7,801 Using the information in the adjusted trial balance, do the following. Prepare an retained earnings statement for the 2 months ended December 31, 2019. (List items that increase retained earnings first. Do not leave any answer field blank. Enter O for amounts.) COOKIE CREATIONS Retained Earnings Statement ta V: vi $Step by Step Solution
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